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Thursday, March 23, 2023

Ford -- EV Losses -- March 23, 2023

Updates

Later, 1:37 p.m. CT: this article goes a long way explaining why the F-150 Raptor, 8-cylinder starts at $109,000, and quickly trades at $172,000. This is not inflation; this is paying for ESG. See update here.

Original Post 

I'll come back to this later, but for now, the links.

The WSJ: the EV business:

  • 2021: a los of $900 million
  • 2022: a loss of $2.1 billion (forecast, $2 billion to $3 billion)
  • 2023: forecast -- a loss of $3 billion

CNBC: link here:

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