Pure EV sales experienced a notable 31.4% decline, while hybrid vehicles surged 23.5% higher. Investors will be closely monitoring any updates regarding Ford’s electric vehicle roadmap, particularly the “Model e” division, as legislative changes loom on the horizon.
Disastrous results for Ford : they miss EPS by twice as much as Tesla yesterday.
For their miserable production of 24,000 EVs they loose 1.14 Billion this Q and on the way to 5+ Billion for the year!
That is 44,000 LOSS per EV!
Tesla produces 18 times MORE EVs and expect around… pic.twitter.com/66HdtlSdPv— TeslaBoomerPapa (@TeslaBoomerPapa) July 24, 2024
Trump’s latest tax-and-spending legislation is scheduled to eliminate tax credits for both new and used electric vehicles after September 30, potentially affecting consumer demand and Ford’s EV business strategy moving forward.
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