Is the company pulling an Intel and "kitchen sinking" its guide for the year, or has Elon Musk's price cuts over at Tesla really put the legacy automaker on the ropes?
Poster Comment:
Elon Musk said he wants to buy Ford or at least their EV brand.
Ford Will Lose $4.5 Billion On EVs This Year, Up From $2.1 Billion Last Year
| Source: | https://www.zerohedge.com/markets/ford-will-lose-45-billion-evs-year-21-billion-last-year |
| Published: | Jul 31, 2023 |
| Author: | Tyler Durden |
| Post Date: | 2023-07-31 07:19:45 by Horse |
| Views: | 213 |
#1: Esso To: Horse, 4um (#0)
I had a lot of Fords back in the day. Man, these automakers need to shake off this EV/climate change delusion.
Look what happened to Budweiser/Inbev and Dylan Mulvaney. Billions in market cap lost.
Esso posted on 2023-07-31 07:29:26 Reply Private Reply