I’m sure Teslahumper and the fake news will tell us this is wonderful
why is ford pissing away money?
did they think evs would sell?
The numbers are breathtaking. $4.5 billion loss from its EV segment this year
Yet Ford beat earnings estimates: EPS of $0.72, beating expectations of $0.54.
Adjusted EBITDA $3.8 billion vs estimated $3.15 billion.
If it didn’t have that EV loss, would EBITDA have been $7.65B?
Wow, the amount of bullsh!t in this story can take your breath away. Ford stock price briefly exploded in late 2021. It’s now on the high end of the range that it’s otherwise been in since the WTC attacks ($2 to $16).
“Losses” here mean “investments.” To call it a “loss” is to imply falsely that Ford has no more assets after spending the money than it did when it began. Ford’s creation of its electric car program has cost several billion dollars. These same preachers of stupidity warned gullible conservatives for years and years how Tesla could never make money, and was losing billions. Tesla is now worth ten times more than Ford and GM combined.
deliberate planned economic sabotage
Like Jiminy Cricket, sing with me----
When you wish upon EVs,
Makes no difference, if you please,
Anything that Biden wants will cost too much.
Like a Volt or other car,
Rivian and Ford so far,
Going into hock for all the green cash crutch.
Fate's unkind,
It brings to those who think
Wishing things were so
Is just so rinky-dink....
Like a Volt or Ford EV,
Charging up each battery,
Anything that Biden wants will cost too much.
They expect the pickup truck buyers to finance their EV project by loading them up with worthless extra cost options, stupid lift kits and shiny/black trinkets plus the dealer market adjustments. Ford and Chrysler are the worst. I’ll keep my Tacoma and watch all the Truck Nutz go by.
Please, a $75K F150...
HA~~!!!...............Tesla???
My missus's 2019 F150 is now $20k+ more for the identical trim level.
Ford is run by morons.
not enough. i want the idea crushed.
let these things sink or swim in the free market. sick of subsidizing this crap.
and by the way how about eliminating the gasoline tax until we figure out how to get the EV owners to help pay for the roads they drive on?
It’s almost comical watching these auto manufacturers commit suicide by switching to EVs.
These kinds of articles reminds me of the famous, infamous Solyndra. There was an analyst who accurately, to the month, determined when Solyndra would close its doors. Obama funneled millions of dollars to Solyndra. Each item that was produced sold at a specific loss, so the calculations were actually not that difficult. The analyst simply added up the monthly losses, and determined that in September of a certain year, the money would run out. I was actually listening to good ‘ol KSFO at the time, the morning they shut down. A Solyndra worker called into the radio show to describe the insanity. Solyndra had called everyone in to announce the shutdown.
The original head(s) of Solyndra had left the company earlier in the year. They were found out to be major contributors to Obama (just funneling money to and fro).
Ford will be bankrupt in 24 months.
If Ford really applies itself, they could lose $9 billion next year and $18 billion the year after. The market will only support a few hundred thousand EVs a year so Tesla (self igniting, driving and crashing), Ford (barbecue lightning PU), Chevys (Volt bomb with wheels) etc.are all competing for that limited number of buyers.
But it won’t add anything to the cost of a real car. /S
Homos running Ford don’t have a clue what is going on,
Dump Ford stock now.
And with the $4.5 billion loss on EVs the past year, they can use that to write off taxes for a while.