Ford lost $132,000 in Q1 2024 on every Electric Car it sold
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- เผยแพร่เมื่อ 27 เม.ย. 2024
- Ford lost $132,000 in Q1 2024 on every Electric Car it sold
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#fordlosses #foedQ12024 #electriccar #evsales #evnews
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The biggest mistake OEMs made was thinking they could use existing platforms and just switch the powertrains to electric. Can't happen! They HAVE to design their EVs from ground up. That's why Ford is building Blue Oval City, a division 100% focused on EV vehicle production. And it ain't gonna be cheap! And Farley knows this.
The F150-L is an all new chassis with an existing aluminum body mounted to it. The Mach-E and E-Transit delivery van are complete EV specific designs that have been in production for three years. Tesla still lacks an EV delivery van and the Cybertruck is just starting production. So who's behind?
Exactly. Even more so for pickup with ladder frame chassis.
Plus first gen cars had major components not integrated (eg motors with controllers), didn’t have integrated thermal management systems, had spaghetti monster of cooling hoses.
Tesla is so far ahead, innovates way faster than anyone else.
Structural battery pack, castings, 48v, ethernet, unboxed, eliminate paintshop, eliminate dealerships.
@@iandavies4853 Tesla has a better thermal management system than the first Mach-E's but that's been improved. What Tesla still doesn't have is the build quality, paint finish and general solidness that results from an experienced manufacturer. Tesla is still the bottom of the barrel for build quality, exterior and interior design. Especially interiors which are a combination of cheep materials and the worst ergonomics in the industry. 48 Volt is a band aid to make the video game steering of the CyberFlop functional but just barely, it's not useable with FSD or advanced cruise controls.
@@iandavies4853 Integrating the motor controllers with the motors is a serviceability nightmare the turns a 200 dollar repair into a 2000 dollar repair. The potted battery on Tesla vehicles is another serviceability issue, Ford's battery pack is not only bigger but removable and can be serviced to the module level. The Tesla battery is scrap if even one cell fails. Tesla's are throw away vehicles not designed to be serviceable and lacks a adequate parts supply line and has only very limited and poorly equipped repair centers. Dump your Tesla before the warranty runs out because it will become a repair nightmare money pit.
@@hwirtwirt4500 you’re an ICE fanboi.
Steer & brake by wire (electric) is required for
1. Unboxed
2. Robotaxis - with no steering column
3. Long vehicles - like all dual cab utes
Can only be done with higher voltage. Plus ethernet / distributed controllers. (Both discussed when JC was a boy in shorts)
Nobody has octovalve equivalent as yet, not even Chinese, Mercedes, Japan, Korea.
You are living in the medieval past, obsequious to false god.
If we invest $2billion in a manufacturing plant and sell 2 cars, we lost $1billion per car. GM's Hummer is a good example of this. All in how you run the numbers. Got to sell large number of units to cover the investment. Must build a good product at a good price to sell lots of product. About as easy to understand as I can make it.
When I worked for TI, they always said “if you plan to sell a million units, you price it as if it is one of a million”. You cannot price the first production units to recover all costs in first year.
@@johnarnold6847no one wants FORD EVs. They blow…
You forgot...these vehicles need to come in UNDER what you're charging, NOT OVER. And that's the main problem with EVs. For what you get, no one wants to pay what these things actually cost to MAKE. You're not making a profit on the SALE of the car per unit,much less recouping your initial investment. That's why these things cannot exist without MASSIVE government subsidy.
@@billcichoke2534 that’s bullshit. Haggarty just broke down the new model 3 performance and it’s less than $60k making the BMW M3 worthless. Saving people $50k after the tax incentive. EVs are officially cheaper than ICE at the sticker.
@@GET2222 F150 very good for short range plus power bank.
Information like this makes me think, “No way I would buy a Ford EV”.
They're still better than any GM or Stellantis product, and most European and Japanese EVs that aren't built in China with a different nameplate...
For anyone wondering where these numbers came from.
Ford e division sold 10,000 wholesale units in Q1 2024 and generated only $115m in revenue for the quarter and had $1.435 Billion in total cost for the quarter = net negative EBIT of $1.32 Billion (-$132k per unit)
When a car moves from Ford to their dealers it is counted as a sale in the books of Ford (at the wholesale price) whether the car is still in dealer inventory at the end of the quarter is irrelevant, Ford counts this as revenue and a sale.
When Ford announced new pricing (e.g. Mach e with heavy discounts) this impacts not only the cars sold in the quarter but also every inventory car still in stock - it's essentially reducing the price to the dealer for their existing inventory, Q1 2024 included $548 million of pricing adjustments on sales AND existing inventory, this $548 million shows up as an income reduction, that's why it appears that the wholesale price is $11,500 per unit ($115m/10,000) it's actually much closer to $45k.
As the loss in the quarter includes adjusting the price cars were previously sold to dealers it is not all related to the 10,000 units that moved from Ford to dealers in the quarter but it is recognising that their previous quarter results were exaggerated and this is a true-up, we don't know how many Ford e cars were actually sold and registered to end users in Q1.
The Electric Viking, I really enjoyed watching this, so I hit the like button!
Let’s not confuse balance sheet items with income statement items. Example, build a factory for $1 mil is financed with a loan, and the loan payment is an expense but the $1mil is a balance sheet liability, that is amortized over the life of the loan. Capital improvements are rarely paid back in a year, which is why amortization smoothes out expenses. Manufacturing accounting always works that way.
Okay so here's how this works. Ford Blue sold its production facilities to Ford Model E 💙 which is its EV division. So Ford Model E paid like $800 billion dollars for production facilities (Rouge plants), then you add in operating, and tooling and buying all the parts, the design studio work, a portion of total shared platform costs, then you're going to add in the price of buying the land to build the battery facility. Now divide those costs by the number of vehicles that they have built. That is how an accountant can show that they lost $132,000 per car. They did this because they didn't want people to know how profitable manufacturing and selling electric vehicles is! It is an asset SHELL GAME!
Ford Blue is the production division for ICE cars not EVs. Ford Model e is the electric vehicle division.
The actual variable cost of manufacture (parts and labour) excluding the fixed cost of the productions facilties, design and R&D is around 75% higher than the net wholesale price of the car - Ford makes and actual gross margin loss per vehicle not just an EBIT loss.
@@TB-up4xi there is no possible way to lose $132,000 on, the car alone. If the average sale price has been $60,000, that would be a total expense of $192,000. Even if the battery actually cost $50,000 (which they do not), how would they lose $142,000 on a car that was supposed to sell at full retail for $39,000?
This is a scam, plain and simple.
@@fabulousoffroaddesigns5080 Try thinking in terms of the corporation as a whole, and not as being 'this one car that took 8 months to sell', and you should find it easier to understand. Then, of course, the {Mythical} "Blue Oval Assassination Squad" will have to hunt you down, and force you to buy from Stellantis! {Oh, no! Please, have mercy! No one deserves such a fate!"} :D
No mystery. Fewer cars = higher cost per car. You can’t unscale your way to profitability.
Your run-rate needs to be at least 80 percent of the plant's capacity to break even--typically. Otherwise, your overhead costs will hammer you into the ground. So it sounds like Ford's run-rate has fallen substantially, and this will increase the loss per vehicle.
i just want a basic corolla, but, electric
Byd
Ford doesn’t make the Corolla.
It'll be interesting to see what Tesla offers in that space the end of this year.
@@Michael-yi4mc: Ford wishes they could make a car like a Corolla. But they don't know how to and never will.
Unfortunately Ford and G M abandoned building value priced cars.
Customers should really feel like they got a good deal. 🤣 I got a $200,000 car for 25% of that!
If you want a used Electric Delivery Van there are many Fords for sale in USA. 116 mile/186 kilometer range. Sure glad sales are up for Mustangs.
How do they calculate this ? Is it just due to discounting, salaries, or rhat they just haven't sold enough ?
Game over for Ford!
How can you lose more that what the vehicle is worth?
Overheads. You have to pay money to build the manufacturing plant. Selling the first car pays for the materials and labor that went into that car and, say, 100,000th portion of the cost of building the factory etc. So until you sell 100,000 cars you have not yet paid off your initial investment in plant. You can improve this situation by ramping production in the following year but only if you have a desirable product with sufficient demand. The loss per vehicle sold exceeding the combined value of the parts/labor used in its production just reflects that Ford was unable to produce and sell enough cars to pay off their up-front investment.
I hear this. So how did they declare a dividend for Q2 Damn corporate math
How does a legacy POS EV even cost $132k to produce in the first place, let alone lose that much.
New production facilities..... Selling few cars
How did Tesla loose money for the first 17 years in business?
@@hwirtwirt4500 Tesla use a lot of tricks carbon credits .... Bitcoin....
That is why this is a poor way to report this. But people rarely understand depreciation and development costs.
Legacy auto can't make high quality and profitable ev's. Making ev's is not the same as making ice as they are totally different technology.
You forgot marketing my friend... They started marketing those to the same tune as their gaz guzzlers, it add to the total cost per unit...
But under $5000 is NOT roughly $130,000 or remotely close, in the real world.
@@rogergeyer9851 True is you have a few hundred thousand cars sold... reduce that to 15,000 instead and the price per car just skyrocketed...
Those that have committed to making great EV's will recoup costs of conversion far easier than those like Ford that convert a small part of their system to make an inferior EV. They will only achieve by fully commiting to the technology and having full EV factories.
Ford and their dealerships are scary.Ford tried to take short cuts when they started making vehicles.The dealer in my town has 7 mach E's on their lot since the fall.
They can get on board or get left behind ......2030
It's almost like they're TRYING to lose lots of money. Reminds me of RIVN, et al.
How can you lose $132,000 on a car..Doesnt even cost that much to buy 1
As the old song goes, "Oh, Accounting we shall go! Accounting we shall go! Hi-ho, the derry-O, Accounting we shall go!" Just ask Donald Trump! :D
Demand has slowed. The economy is crap. Everyone has huge debt.
This. Demand for all cars is down.
The economy is decent overall. Under Biden, a tremendous number of jobs have been created.
Everyone does NOT have huge debt. Aside from the monthly CC I use for things like groceries and pay in full every month, I have ZERO debt, for example.
But of course, you have political BS to try to sell as part of the Trump pack of lies package...
Not mentioning the Beijing Auto Show...
Jai Hind. No one can give accurate up to date EV narratives without ever going to Mumbai, Beijing, Shanghai and Shenzhen auto shows.
The Electric Viking, You're fantastic! Let's be friends and have fun!
Hence why the big players are mainly scaling down their EV plans, and Toyota have ended up playing a masterstroke by steering clear. When 90% of buyers in the US are still choosing some form of ICE, that is simply not enough demand for multiple big EV players. Even some of the more well known EV brands have had to resort to aggressive discounting such is the weak EV demand relative to expectations.
In 5 years of course things may be different.
Have you not seen the adverts for Toyota’s two new full EV cars?
@@Sp_75-76 They are testing the water for sure. But for example, in the US, having Ford, GM, Tesla, VW, Stellantis and others trying to fight over 10% of the market is just not viable.
In 5 years, the only car manufacturers left are Tesla and Chinese ev manufacturers
Spot on comment. Toyota seems to have guessed right but only for the US and EU. In China they have lost mightily due to the lack of EV's and are playing catch up now...
@larryc1616 No one can afford a new car right now let alone in 5 years! lol
I wonder if ford will survive in the long term. The ev makers have soaked up the early adopter demand. The next part of the strategy is to build evs for the rest of the market. Byd is already doing this in china. Ford backing up investment in this part of the market could be catastrophic for the oem.
Most people dont want EV's. The market for them is saturated.
@@Withnail1969False
Bwah-ha-ha!!!! Watch what happens when the Model 2 comes out... along with all the other EVs under $30k!
I do not think so, misleading numbers
😂Tesla's competition is coming All over them self! 😂
Sounds like you are. sic
Hilarious. FORD BLOWS.
@@GET2222 Not nearly as much as you and your hero Musk.
@@hwirtwirt4500 I’m not a fan of musk. I respect him and what he has accomplished, but FORD is a shit show. 😂
Nope, they're just staggering like drunk comedians pretending to me more drunk than they are...
Without looking at their Q1 numbers report, the only thing I can come up with is capex, which would make sense. Otherwise, I got nuthin'.
Jai Hind. Everyone in the 5Eyes know that We Indians are the alpha Techheads. It only shows that Ford and GM as well should move more EV production to India.
Plenty of labor, yes, but low on resources, and you folks have some VERY nasty neighbors!
This can’t be right. How is this possible
Simple. You aren’t printable until you have sold 250k of each model. Anyone in the industry knows this…
6 year 0% financing cost Ford about $20,000 per unit financed.
As if inflation has been high for anything close to 6 years.
As if the rates charged consumers for car loans are what such loans actually COST a car company like Ford.
Math involves facts. Wake up.
WhoHoo…peace
E-Transit not enough range for major adoption of delivery van.
It is great that Ford has lowered the cost of their EVs. The problem is not the hardware, or even lessor performance than Tesla EVs. Their problem is Ford does not offer really easy to use flawless software and entertainment system compared to lower priced Teslas.
Tesla is the standard that people are comparing anyone else's EVs against. Just being in the ballpark price wise is not enough for most consumers.... other than knee jerk Elon haters.
EV companies must offer feature competitive, software competitive, and price competitive vehicles.
Soon it will be even worse as they will need to offer self driving capability at a competitive price too.
The OEMs are toast. They are not ramping their EVs or making them adorably priced while making a profit. They can't .... by turning to hybrids they are admitting that....so Tesla and Hyundai and others will take more and more of their marketshare until they collapse. Hybrids won't save them for long once EVs get just a little bit cheaper up front... then it is game over and too late to try and dance.
F150 electric gets poor miles/kwh. This leads to limited range and larger cost battery and added weight, costly to fast charge. A 20% improvement in miles per KWh is better than a 20% improvement in battery. Ford needs both
thank goodness, I was beginning to think this was a tesla channel.
The eternal sunshine of the empty mind. They're taking the loss made by the EV division and dividing it by the number of vehicles sold.. which gives the loss per vehicle sold.
Has it occurred to you that at the prices you want EVs for there is no profit (motivation) for manufacturers?
Has it occurred to your limited intellect that factories can exist for several decades, so over time, the numbers look COMPLETELY different?
How do you think Tesla and BYD make money? Magic?
@@rogergeyer9851 Yes! Dark, Foul, Necromancy! But, how did you find out? :D
Ford has become a tech startup company. Flushing billions before they ever break even. 😂😂😂😂🤦🏻♂️
Ford should not just make an agreement on the Tesla FSD but also ask Tesla to help them design a new factory and probably the drivetrain, 48V, steer- & brake-by-wire.
Why? Tesla's already using all it's Engineers as is... Just to subsidize their own competitors? Ford can't even afford to pay UAW wages...
Quality for a price wins the game every time. Legacy ICE is a two faced monster that wants to slow the transition to EVs. The old rope a dope util the last round will loose them the decision in the end. Legacy auto has lost China forever, which was a giant market for them. Legacy auto, including Toyota, will loose the global market to Tesla and China EV's. The writing is on the wall, a sea change is on the horizon.
Good luck ford and I don't do luck cheers mate
Don't worry, they will make it up in volume! HaHa
Gloating over EV's not selling isn't actually good for Tesla. Unsold Teslas are piling up too.
Only until Tesla cuts prices to close out excess inventory just before the release of a new model or 'refresh'. Which has happened frequently in the past, and will happen again, shortly. Of course, Tesla doesn't have rapacious Dealers like Legacy Automakers do...
@@WilliamPeterson-lk4kz People in general don't want them
@@Withnail1969 Really? Where's your survey and results? How many respondents did you have? Hint: I'm no MBA or accountant, but I do have a Bachelor's in Marketing, and a side of Statistics. If you can't phrase your answer in those terms, please stop wasting out time... THANKS!
"The Big Boys Are Coming" or are they just bleeding to death?
R&D costs.
And, don't forget to amortize the cost of giving insane contracts to incompetent CEOs! Foley isn't the worst, but he's far from adequate...
UAW settlement might have contributed to this?
The writing was already on the wall. Manufacturers can't get out of America fast enough.
That's who they WANT to blame, but the real answer is in the mirrors on their walls. Why did they ask the Union for give-backs to 'save the company', and then stuff their pockets with the cash. Oops, Sorry, I meant 'use the cash for stock Buy backs that would inflate the 'incentives' that they 'earned'...
@WilliamPeterson-lk4kz If that makes you feel better. Imagine being Karl Marx's wife coming home to that stinking miserable bum every night. Men that play the victim never win.
Oh, and while Tesla Superchargers are selling like hotcakes, Elon has just fired most of the entire workforce for chargers, nearly 5000 people! Gee, could that mean that Optimus is ready to go, and Humanity is already obsolete?
You pledged to stop channel if certain conditions met, which they did and Tesla is releasing a significant number of employees. Are you a man of your words?
No they didn’t
I kind of doubt that figure viking......
Are they counting the quarterly losses of building blue oval city in that figure?
They won't even divulge THAT to their Investors...
@@WilliamPeterson-lk4kz so how are they losing that much?
@@stevey_z With most large corporations, never discount the possibility of fraud.
Lucid lose 365,000$ on every EV sold. =
Tesla's competition is coming All over them self 😂
Lucid is owned by Saudi Arabian investors who like the car, and don't care what it costs...
Ford makes up for EV losses by selling their most profitable vehicles - pickup trucks. When you buy a Mach-e you are also causing the sales of a dozen Ford F-150s.
The problem is that EVS are technology cars. And Ford isn't. Tesla has a 10-year Head start. Early adopters don't want Ford . .. and you cannot blame them .
And still produces the lowest build quality in the industry, EV or ICE.
@@hwirtwirt4500 Correct, Ford should be embarrassed at how bad their quality is.
@@hwirtwirt4500 Among the American automakers Ford is the best imo........ But they're all at the bottom of the heap compared to the Japanese brands. Only thing beneath them is things like range Rover pulling up the bottom. That said Ford has had some crappy things produced (poor engine design) and they've shafted customers but so has everybody else at one time or another. If only a few vehicles have a problem, they will stand behind it When a problem is too big for a manufacturer to fix.. Ie every xyz has the problem.. due to the poor design. They don't stand behind it. My F150 is made a world better than my last Z71.
Tesla dramatically kills all others for *value* in US and Euro markets.
Evs are shit not tech cars,Evs was 100 years ago too but same problems was as now !!overall evs are much simply vehicle to build then classic vehicle and in same time EVs garbage costs more
Ford has 3 major problems. 1. Ford has attracted a customer base that is very anti-EV. 2. Ford is reliant on a traditional dealer network (by law in many states) that is very anti-EV. 3. Ford’s EV products are not favorable to their ICE equivalents and their customer base can directly cross-shop within Ford itself. I don’t;t see Ford surviving past 2030 without a US Bailout.
No bailout this time because this is 100% Ford's fault not due to a worldwide great recession or covid pandemic economy. We can't keep saving losers but make room for innovative winners like Tesla.
Ford was the 1st OEM to license access Tesla charging network. Look for them to be the 1st to license FSD V12 (the newest version, whatever it is). Book it!
1. Simply isn't true, Ford has always been a brand that has had tried to appeal to as many people as possible, much of their customer base is pro-ev there are anti-ev portions, but Ford has always had models in their lineup for non Truck people.
I will say that although their EVs are a bit unfavorable compared to some other of ford's models, they actually are pretty good. Mach E is great and improving with each itteration.
@@linuxman7777 And how many EVS are Ford building at scale? Building 20,000 cars of a type, just to put one in each dealer will never earn you a profit.
@@WilliamPeterson-lk4kz profit really does not matter anymore in 2024. If you actually think it does you are out of touch with how innovation works.
Apparently, they needed a tax write off - or do they just PLAN on continuing losses?
Hard to say what they packed into a "loss" but usually, it is insane amounts of overhead and corporate bloat.
@@SunriseLAW Tesla just doesn't DO 'corporate Bloat'...
Ford need to do what VW did and run to Xpeng
Or byd, nio, etc.
Ford just needs to keep doing what they are doing, it's working.
I'm rooting for Xpeng to make it, but only time will tell if they actually can. Still plenty of risk there.
That’s why Toyota is so smart, come up with mediocre ev just to comply. They are milking hybrid tech until no demand which is no where in sight. With a lot of cash in their war chest they just need to buy up some bankrupt Chinese ev car company. Less transitional cost. Smartest ever
It will work great until HEV's are no longer wanted (or, perhaps allowed). THEN they have a big problem if they can't build competitive BEV's in huge quantities.
@@rogergeyer9851 Gee, great idea... if everyone else hadn't already had the idea before Toyota did! Now, there's nothing much to buy up, Toyota has no money left to design anything, and Japan can no longer afford to subsidize anyone... :(
Ford has not retreated from development of new EVs. Only volume targets. Tesla just did the same thing if anyone cared to notice.
Nobody wants an electric car. I make close to $250,000 a year household income and I don't know a single person who is looking to buy an electric car. Where I live they still have Ford Mach E's sitting on the dealer lot from 2 years ago.
I make less than $250K but can afford a new car. I want an EV if and when it delivers on what I'm asking it to do. And I know a lot of others do. What needs to happen is having reliable charging access nationwide, fast charging, and dealing with a cold weather.
I think a good litmus test is whether somebody can comfortably and reliably drive an EV from the Chicago area to St Louis for a Thanksgiving or Christmas holiday with the relatives (That is about 300 mile distance). I think that will be realistic in an affordable EV within the next few years.
I can see a surge in people who do not have access to home charging buying EVs. EVs are going to get a lot better and more attractive. It's just a question how long it will take.
💀Legacy auto 💀
So they must be bankrupt same as GM
Nah! Sleepy Joe just gave Jim Farley another $9 billion at low interest rates, to tide him over. Why, YES, he should have said "No thanks,Mr. President! Our financials are all rock solid!", but that would probably have led to a lawsuit... :D
Evening mate
Will Farley fall on his sword?
We can hope.
I don't think Farley is the problem. I hope Ford survive. I don't care whether GM do or don't. If GM does not, I hope the US taxpayer does not have to fund yet another bailout.
And you want FORD to keep selling EVs
So much for the future Viking tells us about when this is the consequence of manufacturing EV's, and today Viking has nothing positive to say about Ev's which is rare and getting rarer because they are tanking on the market particularly his beloved Tesla Cult Car Company, so he reverts to his usual reporting of bagging Legacy manufacturers.
I wouldn't buy a ford ev.....yet. we still need better batteries and we need more infrastructure
Well, Fords (and others) can use Tesla's charging network and it's still in an insane growth rate curve. And batteries are improving almost weekly.
@@billthecat7536 yep. Insane battery capacity has been demonstrated...750 wh/kg..... 2+ x what's in commercially produced cars today...300 whkg.. And that's what we need. They can charge in 10 minutes to o. But nobody but Tesla has built any charging infrastructure at all.... And certainly not with the capacities to do 10 minute charging..... That's going to hinder adoption imo.....
I rode a Mach E and it was pretty good. But I really am not in the market for a car now though.
@@MudflyWatersman Which is why Ford and GM bought into the Tesla NACS network, and Tesla is now selling 'memberships' to give the customer a better price on their Electricity (which is close to free for them).
Ford basically sabotaged themselves. They could barely make a decent internal combustion vehicle let alone try to compete with Tesla who is so far ahead in the EV game Ford knows it can never compete.
Not many people want an EV. How is Tesla's share price?
😂😂😂Tesla model Y was the Best selling carmodel on planet Earth in year 2023!!!
Wake up
That is a stupid argument. There was a EV bubble because people absurdly thought EVs would have higher profit margins than gas cars. That bubble popping along with a bad economy has more to do with stock price than one bad quarter of sales.
Tesla's shareprice up 11,000 % since IPO....
@@mikafiltenborg7572so is fords
stupid comment
EVs going down the drain fast.
We hope tesla will survive here in the U.S. No other major mfg. will be building EVs a year from now.
Of course they will. Hyundai and KIA will be going full bore. Volvo has several, including the inexpensive EX-30. The Germans have a bunch. They're not going anywhere. The US Big Three on the other hand...
@@tommydan55 The Germans? Like Volkswagon, who declared that "The Roof is on fire"? And, you do know that Volvo (except for Diesel Trucks) is now a Chinese brand, right?
@@WilliamPeterson-lk4kz Yes, the Germans are in trouble but, as far as I know, they're not pulling up stakes. As for Volvo, I'm very aware, yes. I also hope they'll eventually be building their XC-30 in the US in order to take advantage of the rebates.
@@WilliamPeterson-lk4kz Darn. I thought I already replied. Must have forgotten to hit "Reply". Yes, I know the Germans are in trouble. But, as far as I know, they're not pulling up stakes. And yes, I know Volvo is Chinese but I believe their eventual plan is to build EVs in the US in order to take advantage of the rebates.
Fords going to smash Tesla 🙂
In debt?
Ford rather smash themselves.
Ford will probably license Tesla software already using Tesla chargers. Tesla is doing what their ultimate plan was provide software and the tech for energy storage.
Don't forget Optimus! How many UAW employees can you afford for $20k each? Figure that, and electricity for 10 years, for each 3 employees you want to replace... Robots don't have to sleep, don't need health care (other than maintenance), won't go on Strike, and rather than needing retirement pay, they can easily be recycled! Question is, if no one's going to have a job anymore, who are they going to sell to?
Lies damn lies and statistics.
How much is tesla losing on each 100K Cyberflop sale? Care to research that Tesla Viking.
2,300,000 pre-order for Tesla CYBERTRUCK....
Lucid lose 365,000 $ on every EV sold.....
stupid comment
Zero. Tesla makes the largest percentage of profits for every Tesla sold compared to all ice and ev manufacturers.
They must lose gazillions on the CT due to the huge investments in the development and the dedicated production line. Reinventing the wheel every time you launch a new vehicle is very expensive, especially if the said vehicle is not so much in demand or too difficult to build. They have come to their senses with the more affordable models, using the same platform and production lines instead of the "model 2 with the unboxed manufacturing"
At least they are not trying to build a hydrogen-powered truck.
I kind of liked the Ammonia-fueled rotary engine vehicle, myself... 😆
ahhhh you do realise that Ford lost money on their ICE vehicles as well!!! so your $132,000 is off quite a bit !!! it wasn't just EV's ....
How do we know that's is the worst loss in the history of the Ford Motor company. Why do you delight in Ford losing money selling EVs? You must be the Tesla Viking.
Sam is a big Tesla fan, but only because Tesla, BYD, and the KIA threesome (including Genesis and Ioniq) are the only companies worth following (at the moment). And he doesn't 'delight' in Ford losing money, he's warning possible Investors that they have a serious problem.
@WilliamPeterson-lk4kz Sam is not qualified to give investment advice. If that is what he is doing, he is breaking the law.
@@neildolan7177 Neither is any reporter, on any media. He's not giving them 'advice', he's making information available, without charge, to the general public! Please stop wasting our time!
@@WilliamPeterson-lk4kz it was you who was suggesting he is providing advice to people not to invest in Ford.
@@neildolan7177 Ahh, therein lies the rub! He IS giving (not selling) advice, yes.Even professionals in the field no longer have fiduciary responsibility to their clients, but Sam's 'advice' is a bit closer to 'gossip', so it is not 'professional investment advice'! See the difference?
Please ,stop joking . Battery production cost went down about 50% ,there is no company which is not making profit on any EV now
Math and facts matter. Overall batteries are getting cheaper. Losses are still losses, however.
You have no idea what you are talking about. Shush.
MBA's are not engineers.
They're not even good at Business Administration. Ask Sandy Munro (who used to work for Ford... several times!)...
HOW? How could Ford, of all legacy vehicle manufacturers, make such costly vehicles? Are their designers so impotent, so lacking in imagination? Or is it burdened by too much 'management'? The late John Harvey-Jones would have it sorted pretty darn fast, eviscerating the top-heavy management and using inevitable strikes to gut unneeded workforce. It might be an industrial icon, but it's only a manufacturer of vehicular white-goods (buy it and bin it). If Jim Farley just went to Tesla and did the biggest techie-deal ever, simply buying Tesla tech and systems in bulk to fit to Ford styled designs, then Ford could use it's size and branding to double EV production of pseudo-Teslas overnight(ish). Use the mould-it tech to make the underpinnings, clad it in a skin of Fordness, follow the Tesla principle of 'less is more' (where commonality reigns, and absence of old-tech complication releases wasted profits, then give it FSD at a cost-option price. I'm CERTAIN FSD will end up within the factory-gate price of every Tesla sold soon, anyway. Why would they NOT?
Ford needs to close down
Their bed is thinking the taxpayer will bail them out.
Yeah, I'm pretty sure Joe Biden has soured on that idea, given that all of Legacy auto has started to fire UAW workers... Where do you think Politicians get their money from?
I like most of your content. This headline is just clickbait. Clearly you didn't get an accounting degree 🙄
LOLOLOLOLOLOLOLOLOLOLOL
EVs lol
Ford stands for “ Fucked over rebuilt Dodge “
Too many humans in the production line. Bye bye unions
Ford has to press forward and make EVs. They may need to find a better approach. To stop going EV is to doom their future.
Laughable comment. Their EVs can't even go 80 miles without a recharge, they are complete garbage. To keep on going with EV is the doom of their future.
@@user-mk5rs2kc8c Which ones? Are you confusing them for GM? The Hummer might be that badly off...
there is marginal cost and fixed costs
$80 thousand dollar cars that can't even go 80 miles without a recharge. Great deal, no wonder everyone is buying them up.
What car is that? Most are under $70k, and can get over 100 miles between charges... and those are the overpriced ones!
@@WilliamPeterson-lk4kz Most are not under 70k and bragging about 100 miles... 🤣 Even 200 miles is far too little, even 300 is too little.... You clearly have 0.00% experience with these junk ev cars from Ford.
@@user-mk5rs2kc8c Again, what car fit those horrible numbers you were trying to scare people with? Make and model at least, please. I wasn't 'bragging', I was calling you out. What $80k + car can't even go 80 miles without a recharge? If this is as common as you suggest, you should easily be able to name 5 different cars, and provide links to your data...