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Ford Reported a Massive Loss of $132,000 on Every EV Sold in the First Quarter

Ford Motor Company's electric vehicle, Model e, experienced significant financial losses in the first quarter of the year, reporting a loss of $1.3 billion. That's $132,000 for each of the 10,000 EVs it sold in the first three months of the year.

Ford's Model e's financial results show a 20% decrease in units sold and an 84% drop in revenue. 

The sales declines were attributed to aggressive industry-wide price reductions for EVs, as the company lowered prices to remain competitive amid a broader price war in the EV market.

Despite efforts to reduce manufacturing costs—such as cutting $5,000 per Mustang Mach-E—revenue losses outpaced cost-cutting measures. Over the previous year, the cumulative losses for Model e amounted to $4.7 billion across 116,000 vehicles, averaging a loss of $40,525 per vehicle.

Ford's traditional vehicle units, particularly Ford Pro continued to perform strongly. Ford Pro, selling primarily internal combustion vehicles, reported a substantial increase in earnings before interest and taxes (EBITA) to $3 billion, doubling its performance from the previous year.

As reported in previous MMRs, Tesla's earnings have dropped, highlighting the EV industry's economic pressures.

For more information, contact Sean Wallentine.


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