Ford Loses $60k On Each EV It Makes

Ford went bullish on EV, imposed by our government and has recently reported its first-quarter financials for 2023 showing that the losses at its 'Model e' EV division are widening. The Blue Oval lost over $60,000 for every EV sold in those three months, which means that investors weren't thrilled.

Ford needs to wait on other "legacy" automakers and not bow to government bureaucracy.

Links to the featured articles: https://www.autoevolution.com/news/ford-model-e-division-lost-60k-on-every-electric-vehicle-it-sold-in-the-first-quarter-214411.html#:~:text=More%20worrying%2C%20Ford%20posted%20losses,than%20its%20average%20selling%20price.

https://www.theguardian.com/business/2023/jan/24/ford-cut-jobs-europe-us-germany-belgium-uk#:~:text=Ford%20plans%20to%20cut%203%2C200,in%20Germany%2C%20said%20IG%20Metall

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