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.
https://x.com/KobeissiLetter/status/1816564015017132195
