This is insane:
Ford,
$F, is expecting to lose $5 BILLION on its electric vehicle business this year ALONE.
In other words, Ford loses ~$44,000 on every EV they produce.
Ford’s EV sales were down a whopping 37% last quarter.
Disaster is an understatement.
pic.twitter.com/W0WIKfhDCd- The Kobeissi Letter (@KobeissiLetter)
July 25, 2024