Sergio Marchionne casts doubt on Tesla, electric vehicle viability

Fiat Chrysler CEO, Sergio Marchionne, continues to be sceptical concerning the financial viability of Tesla, and the temporary profitability of manufacturing electric automobiles.

Speaking at an tournament in New York, Marchionne mentioned he was once “unconvinced” as as to whether Elon Musk would have the ability to carry Tesla to benefit together with his present fashion.

“We still don’t have a viable model for delivering an electric car,” Marchionne advised press, as reported by means of TheStreet. “As much as I like Elon Musk, and he’s a good friend, and actually he’s done a phenomenal job of marketing Tesla, I remain unconvinced of [the] economic viability of the model that he’s pitching.”

“So I believe we wish to watch out, as a result of after we include electrification, and I made feedback on the reality we lose cash on each Fiat 500, the electric, that we promote in the USA,” he endured.

“If I were to do it again, I would certainly reduce the amount of the loss, but I would not make any money. And you can’t run economic entities on losses.”

Indeed, Marchionne has mentioned previously that he hopes other folks “don’t buy” the electric 500.

Above: Tesla CEO Elon Musk

Rather than banking on natural electric energy, Marchionne mentioned Fiat Chrysler would focal point on combining electric motors and interior combustion to fulfill CO2 laws.

“We are investing without making a lot of noise on electrification,” he mentioned. “We will combine it with combustion to yield the right level of CO2. But we’re not betting the bank on going fully electric in the next decade. It won’t happen.”

This isn’t the primary time Marchionne has solid doubt on Tesla’s trade fashion. Speaking to newshounds in 2015, he advised Elon Musk wouldn’t have the ability to generate income on the Model three, however mentioned he would “copy the formula, add the Italian design flair and get it to the market within 12 months” if the auto proved winning.

MORE: Fiat information, evaluations, comparisons and video
MORE: Tesla information, evaluations, comparisons and video

Sergio Marchionne casts doubt on Tesla, electric vehicle viability

Source link

Reply