11 Sep '12, 6pm

Chevy isn’t losing $49,000 on every Volt it sells, for God’s sake

Chevy isn’t losing $49,000 on every Volt it sells, for God’s sake

Let’s say I give you a million dollars. Cool, you’d say. Probably also: Thanks. And now I say: You need to use that money to make a product. Say, baskets. You’re all, OK, cool, I can make baskets. Good. So you set up a system to make baskets. You invest that million dollars in a factory and some workers and so on (I have literally no idea what goes into basket-making — wicker? straw? whatever) and start cranking out baskets. You decide to sell them for $100 a piece. You make 100 to start, and sell all 100 of them. Boom. You’ve got $10,000 in hand. Not bad. But if Reuters is doing the math, you’re losing $9,900 on every basket you sell. After all, the Reuters reporter would suggest, mansplaining away: You made 100 baskets but it cost you $1 million to make them. That’s $10,000 a piece, from which you only earned back $100. To which you would say: What, Reuters? What? Do you...

Full article: http://grist.org/news/chevy-isnt-losing-49000-on-every-vo...

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