New York CNN — Ford’s electric vehicle unit reported that losses soared
in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles
it sold in the first three months of the year, helping to drag down earnings for
the company overall.
Ford said it expects Model e will have losses of $5 billion for the full year.
“Americans don’t want EVs at levels Biden’s climate hysteria require,” author
and businessman Andy Puzder wrote on X. “Ford’s EV Q1 losses soared to
$1.3 billion — a ridiculous $132,000 per EV sold. All Ford’s profits came from
combustion engine vehicle sales. Collectivist policies destroy prosperity.”
Message Thread
« Back to index