Sorry, it was 125k they were losing per vehicle and are now down to 30k or so. Great progress and I hope it continues.
Losses like that are highly misleading. Its all fixed cost, cost accounting crap. They could depreciate more and double their losses. They could depreciate less and reduce them. Cash flow from ops is the key to watch. Which i am sure thats negative too, before financing.
Just pointing out for thise that might not understand. They arent putting 130k of parts and labor into each vehicle and selling for 100k.
Apologies for minor rant, i just really hate cost accounting. Its skim milk pretending to be milk.