Ford — $38,250 Loss Per EV Delivered — Warranty Costs With Significant Impact On Earnings — CEO Is Coy On Warranty Costs — Overall Guidance Is Seen As Disappointing By Headline Writers — October 28, 2024

Locator: 48671FORD.

Ford. Link here. Also here. Also here.

CEO does not provide “hard numbers” for either the loss incurred on each EV sold or the warranty costs going forward into the out years.

For most recent quarter: misses on top line; beat on bottom line.

Volkswagen: slashing jobs. Could close three car plants in Europe.

Presidential politics: if Trump loses by a whisker, the post-mortem could easily include the MSG rally this past weekend. 

Hyperscalars: spending will increase by 40% next year. Rest of the market, spending will increase by 1%.

Thanksgiving meal prices this year: lower than last year. My hunch: won’t get a lot of attention by the MAGA cult.