Can EVs be made without losing billions?

Right track: Tesla vehicles are seen being assembled by robots at its factory in California. The company’s high profit margins are benefiting from its efficient Shanghai plant and investments in innovative large casting machines. — Reuters

NEW electric models from Rivian Automotive Inc and Lucid Group Inc have won rave reviews, but you’ll have to be patient to drive one.

Since commencing production one year ago, the two companies have produced only around 10,000 vehicles altogether as of June 30. Compare that with Volkswagen AG, which manufactures twice that every day.