From The Electric Viking.
Ford Says It Will LOSE $4.5 BILLION Per Year Until 2029……!!!!!!!
Ford has dropped a financial bombshell: the company expects to lose a staggering $4.5 billion annually on its electric vehicle division until 2029. Despite the popularity of the F-150 Lightning and Mustang Mach-E, Ford’s "Model e" unit is burning through cash at an alarming rate. In this video, we break down why legacy automakers are struggling to turn a profit on EVs, how this compares to Tesla and BYD, and whether Ford can survive this massive cash bleed.
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👇Reference to the news/charts & videos used in this video:
Ford Admits Its EV Division Will Keep Burning Billions For Years
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