The Chevrolet Bolt, General Motors’ entry-level electric vehicle, is not a big money maker. A recent report revealed that the company loses around $9,000 from each $36,620 vehicle. This phenomenon is not unique to Chevrolet, and across the broad, electric vehicle makers are struggling to turn a profit. A combination of new technologies and nascent infrastructure has led to a situation where automakers are pouring money into the vehicles in the hope they’ll have a leg up on the competition years down the line.

In November, Bloomberg reported that the company loses money on each vehicle, but strict regulations about average fuel economy output means General Motors is incentivized to push electric vehicles. It also means that, as prices drop, GM will have the resources and facilities to ramp up production.

The major cost factor in an electric vehicle is the battery. A report in January from McKinsey & Company found that batteries cost around $1,000 per kilowatt-hour (kWh) in 2010. By 2016, prices had dipped to $227. The Bolt comes with a 60 kWh battery, meaning it costs around $13,620 at the 2016 rate.

This downward trend is expected to continue. McKinsey & Company project battery prices reaching $190 per kWh in 2020, dipping below $100 per kWh by 2030. This, the company claims, would mean GM could lower the price of the Bolt to below $30,000, as the battery would cost less than half its price in 2016 at less than $6,000. This would mean a possible way forward for electric vehicles to compete effectively with traditional cars on price.

Of course, not all automakers pay the same for batteries, which is why getting a foot in the door is so important in the early stages. Manufacturing capabilities greatly dictate price, and the ability to produce batteries en masse can help drive prices down.

Chevrolet Bolt on stage.

LG, which makes the components for the Bolt including battery, operates a production facility in Holland, Michigan, that produces around 650 MWh worth of batteries each year, enough for a few thousand Bolts. In February, the company announced plans to boost production, potentially reaching annual production rates of 1 GWh, with the potential to rise to 3 GWh.

Tesla, on the other hand, is currently building a 5.8 million square foot “Gigafactory” in the Nevada desert, with the ultimate goal of reaching annual output of 35 GWh when complete. The company claims it has already dropped below $190 per kWh and expects to drop below $100 by 2020.

Although it may seem strange that a smaller company could win out on production output, it’s important to note that the Bolt represents a slither of the company’s annual production rate of around nine million cars. Reports claim that General Motors is aiming for an annual Bolt production rate of 20,000 to 30,000 cars per year, with the ability to hit 50,000 if needed. Tesla, on the other hand, produces around 100,000 electric vehicles a year and plans to reach 500,000 by 2018.

It’s not just Tesla competing for a slice of battery production pie. Benchmark Mineral Intelligence tracks 15 Gigafactory-like projects underway with annual production capacity of 230 GWh. This would be enough to produce 3.5 million extra electric vehicles per year.

“The journey to the mythical $100 per KWh has sped up in the last few years and we’ll definitely arrive by 2020,” Sam Jaffe, managing director of Cairn Energy Research Advisors told investors at a Benchmark Mineral Intelligence event. At least then GM might actually make money on the Bolt.

Photos via Getty Images / Bill Pugliano

The most fun thing about betting on sports — besides winning in the final seconds — is placing a prop bet. There’s nothing a weird and wild wager to take the edge off a more serious, analytical prediction. Regular gambling enthusiasts will often describe prop bets as having “juiced” odds, in that they are long — too long, some say — to be worth it. Sure, proposition bets have longer odds, but the payouts are higher, making them enticing to both bettors and bookies.

I once had a professor in college who said the best way not to lose things is to buy an expensive version of them. Pens, umbrellas, sunglasses, and so on. We’re ostensibly more inclined to keep track of and protect our items if they hold a high value.

Time and time again, I have proven this theory to be utter bunk. Know how many pairs of Ray-Bans I’ve left in dive bars? Two. Know how many pairs I’ve left in the Kips Bay AMC movie theater? One. That is too many and even if I deserve to have lost them for being an idiotI sometimes wonder if I should just buy a cheap pair of sunglasses and leave them wherever I please within two weeks of owning them.

Last month, Tesla managed to hit another milestone. Eric Loveday from InsideEVs reports, “It’s hard to believe it, but indeed it’s true. In the month of August, the Tesla Model 3 alone out-sold all passenger cars from BMW.” Meanwhile, in Germany, legacy automakers are struggling to develop a cohesive strategy for their fledgling electric vehicle programs. As automotive bigwigs argue about how to proceed, small German start-ups are trying to push the electric vehicle movement forward.

A major new Tesla Autopilot update is almost here. Version nine of the electric car firm’s semi-autonomous driving system will be the first to start enabling full autonomy features, with eventual point-to-point full driving a long-term goal for CEO Elon Musk. The new Autopilot, set to roll out as an over-the-air update, is a big step in this goal.

Elon Musk has floated the idea of an electric plane again. The Tesla CEO appeared on the Joe Rogan podcast Thursday night, after agreeing that he would speak on the live broadcast if Tesla Model 3 production reached 5,000 cars per week. During the podcast, where he smoked weed and chatted about super-smart machines, Musk also said that “the exciting thing to do would be a vertical takeoff and landing supersonic jet of some kind,” noting that he’d discussed the idea with “friends and girlfriends.”