“ The company for the first time broke out financial results. . . Ford lost more than $60,000 per electric vehicle sold in the first quarter. Its combustion-vehicle business, Ford Blue, averaged pretax profit of $3,715 a vehicle, while the Ford Pro commercial business earned $4,053 per vehicle."
The latest moves by Tesla on price drops (and followed by Ford I’ll assume reluctantly) are a welcomed element on the progression of EVs- fine example of market forces controlling this evolution versus governments deploying our tax funds for a cause and hopeful outcome- although they are dominant and likely to strengthen as this moves further along
A Kimberly Strassel WSJ Tweet
“ The company for the first time broke out financial results. . . Ford lost more than $60,000 per electric vehicle sold in the first quarter. Its combustion-vehicle business, Ford Blue, averaged pretax profit of $3,715 a vehicle, while the Ford Pro commercial business earned $4,053 per vehicle."
The latest moves by Tesla on price drops (and followed by Ford I’ll assume reluctantly) are a welcomed element on the progression of EVs- fine example of market forces controlling this evolution versus governments deploying our tax funds for a cause and hopeful outcome- although they are dominant and likely to strengthen as this moves further along