the gas car ban should help sales
Well, last year, Gavin Newsom and the California Air Resources Board, decreed that no new internal combustion engine vehicles can be sold in California in 2035. A few other states and some countries in Europe are also using the 2035 target date.
Car companies such as Ford, are probably banking on government regulations force feeding electric cars, and they expect to make profits in future years on electrics, even if they show big losses now.
And for all we know, there are tax credits or other tax subsidies, which help Ford offset these big losses on electrics.