Ford Motor Company is facing significant financial losses in its electric vehicle (EV) sector, with projected losses reaching $5 billion for the year. The automaker has reportedly sold 10,000 EVs this year, incurring a loss of $132,000 per vehicle. In the first quarter alone, losses per EV exceeded $100,000, more than double the deficit from last year. This substantial deficit has been attributed to high production costs and a shifting market strategy as demand for EVs wanes. Despite these challenges, Ford's commitment to its EV program is underscored by the environmental benefits it provides, even as it reevaluates its approach to reduce losses.
Automakers are not losing $100k per EV sold. Do we really think it costs $170k to make a truck that sells for $70k? No! US accounting rules treat all spending (aka investment) in new vehicle platforms, models, batteries, etc. as part of current operating expenses, meaning… https://t.co/6ehuUZJnAn
Have you read recently about Ford or Rivian or whomever losing staggering amounts per electric car/truck sold? In reality, those numbers obscure more than they reveal and tell us little about an EV-maker's path to profitability. Read this thread for the real story... https://t.co/6ehuUZJnAn
$TSLA | Tesla's Ongoing Austerity Measures $RIVN | Rivian-Apple Partnership Buzz Biden Administration's Clampdown Biggest EV Stories Of The Week: https://t.co/Dj1wfECec5
As EV prices have plunged, Ford’s losses per EV exceeded $100,000 in the Q1, more than double the deficit from last year, a source told Bloomberg. https://t.co/bRuoJOhJqr
Ford will lose $5 billion dollars this year making and selling EVs. Ford has sold 10000 EV this year thus far and has lost $132000 on every single EV car sold. Selling EV has cost Ford 1.3 billion dollars in losses this year. But may be it has saved the Earth. 😂 $F
Ford will lose $5 billion dollars this year making and selling EVs. Ford has sold 10000 EV this year and has lost $132000 on every single EV car sold. Selling EV has cost Ford 1.3 billion dollars in losses this year. But may be it has saved the Earth. 😂 $F
"Ford Cuts Battery Orders as EV Losses Top $100,000/Car. Automaker shifting strategy as EV demand wanes" https://t.co/LhV28b200s Seeing as it's CLEAR that the OEMs know more about manufacturing than fraudster Musk, what are the chances that $TSLA's "profits" were fictional?