Ford has reported substantial financial losses on its electric vehicle (EV) sales, with a loss of $132,000 per vehicle. The company's EV unit revenue declined by 84%, and cumulative net losses from EV sales exceeded $8.0 billion in the first quarter of 2024. In 2023, Ford incurred a loss of $4.7 billion from its EV operations, and in the first quarter of 2024 alone, the per vehicle loss was $65,272.
Ferrari performance on a family budget https://t.co/xScD7e7X9F
Ford's $120,000 Loss Per Vehicle Shows California EV Goals Are Impossible https://t.co/shXlaSZYDH
Ford’s $120,000 Loss Per Vehicle Shows California EV Goals Are Impossible https://t.co/v0CDeOjmkO
Last year, Ford lost $4.7 billion on electric vehicles. In Q1 24, Ford lost $65,272 for every EV it sold. Energy analyst @pwrhungry breaks down how electric vehicles are four wheel money-burning machines: https://t.co/VIvEhklAJK
Since Ford provided disclosure, Ford's cumulative net losses from selling electric vehicles have exceeded $8.0 billion in the first quarter 2024. https://t.co/Tgwehcczip
Ford just reported a massive loss on every electric vehicle it sold https://t.co/uSwc5KfrFQ
Incredible. Turns out that Ford is LOSING $132 000 for every electric vehicle that they sold. The revenue of Ford's EV unit is down a whopping 84%