....Ford incurred a $1.14B loss on EV, wiping out its profits on...

....Ford incurred a $1.14B loss on EV, wiping out its profits on ICE, which is why it had to backtrack on its EV plans.

....I did caution you EV/Lithium isn't going to get better, anytime soon.

BREAKING: Ford stock, $F, falls over 10% on the day after posting a massive earnings miss.

Ford reported EPS of $0.47 which was a whopping 31% below expectations of $0.68.

Ford also posted $44.0 billion of Automotive revenue, below expectations of $44.8 billion.

Warranty issues were the largest contributor to the miss in quarterly earnings per share.

Brutal quarter for automakers.

https://x.com/KobeissiLetter/status/1816205709064728611