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re: Ford lost $40K on every EV it sold
Posted on 4/25/24 at 2:23 pm to dallastigers
Posted on 4/25/24 at 2:23 pm to dallastigers
FYI Ford incurred a $9,000,000,000 loss last year on EVs, the loss per vehicle was around $(70,000). This quarter it's only around $(40,000) per vehicle. The net revenue numbers are always going to be terrible for EVs both because they sell terribly and the huge capital expenses.
$100,000,000 in revenue from 10,000 vehicles has to include the impacts of all those factors (huge capital expenses, poor and declining sales, probably substantial incentives/price cuts to sell cars no one wants, etc.) Ford likely doesn't want to show the world how much each factor affects the total number.
Tesla has big capital expenses but their sales have gone up over time, that's not happening for any other auto maker. Ford is a long way from profitability and the EV switch has Ford on the brink.
$100,000,000 in revenue from 10,000 vehicles has to include the impacts of all those factors (huge capital expenses, poor and declining sales, probably substantial incentives/price cuts to sell cars no one wants, etc.) Ford likely doesn't want to show the world how much each factor affects the total number.
Tesla has big capital expenses but their sales have gone up over time, that's not happening for any other auto maker. Ford is a long way from profitability and the EV switch has Ford on the brink.
1
Posted on 4/25/24 at 3:16 pm to GoIrish02
Fords cap ex % of revenue hasnt changed much at all over the last several years.
It was lower last year than in 2019.
Yes, the amount they expense changes, but so does their revenues.
They made less in 2020 so they spent less but kept their % between 4.5-4.9 of their revenues.
It was lower last year than in 2019.
Yes, the amount they expense changes, but so does their revenues.
They made less in 2020 so they spent less but kept their % between 4.5-4.9 of their revenues.
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