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Ford Still Losing Billions on EVs
Ford Still Losing Billions on EVs, but Not All Is Lost
For the full year of 2024, Ford posted a net income of $5.9 billion on adjusted earnings of $10.2 billion. Its electric vehicle business, however, lost $5.1 billion, even worse than its loss of $4.7 billion the year prior. It expects to lose even more, $5.5 billion, on EVs in 2025.
Ford’s EV losses hit billions in 2024, is the worst yet to come?
Tariffs could compound Ford’s problems. President Donald Trump’s threats to impose 25% tariffs on imports from Mexico and Canada could fur
Ford lost $5 billion on its EV business in 2024—and things could get worse this year
Ford is the first major automaker to report earnings since Trump signed an executive order stating that the U.S. would impose 25% tariffs on goods from Mexico and Canada, which would affect Ford.
Tesla sales slump in 5 European markets
Tesla Sales Collapse By Up To 63% In France, Germany, And UK
In Germany, Tesla sold 1,277 vehicles last month, representing a massive fall of 59.5% from January 2024. Sales of EVs fell off a cliff in Germany last year after the government r
Tesla sales slump in five European markets in January
Tesla posted lower sales across five EU countries as competitors with newer models gained and polls show public opinion souring on CEO Musk.
Tesla’s sales plummet across Europe
The country hosts Tesla’s only manufacturing plant in Europe. Sales of electric vehicles slowed sharply in Germany and France last year following a pullback in government subsidies, but demand has started to recover recently.
3h
on MSN
Tesla Stock Is Down Again. Did the EV Maker Find a Partner for Its Full Self Driving Tech?
Ford CEO Jim Farley made some comments on his company’s fourth-quarter earnings conference call that might interest Tesla ...
autoevolution
6h
Mercedes-Benz EVs in the US Gained Access to Tesla Superchargers, but It's a Pain
Tesla now allows Mercedes-Benz EVs to use the Supercharger network, but owners will have to perform an update at the ...
2d
on MSN
Better EV Stock: Rivian vs. Tesla
Tesla is the leader in EVs, but its fourth-quarter results were unimpressive. Rivian is a speculative EV stock, but the ...
2d
on MSN
Tesla could lose its big EV sales advantage in Washington state if lawmakers pass new rules
Tesla could soon lose its EV sales advantage as Washington lawmakers are taking their third shot at legislation to level the ...
Electrek
1d
Mercedes EVs can charge on Tesla Superchargers, starting today
Mercedes EVs can now charge on Tesla’s Supercharger network with the use of a NACS adapter. The NACS transition ...
GadgetGuy.com.au
3h
What I learned on my Tesla’s first summer EV road trip
I learned many valuable lessons on my first big EV road trip. Here's how you can make your trip smoother and less stressful.
autobodynews
23h
Tesla Certification: How Body Shops Navigate EV Repairs and Meet OEM Expectations
Tesla certification comes with unique opportunities and hurdles, but shops willing to invest in training and equipment can ...
2d
Tesla is the only EV maker that can sell directly to consumers in WA. Lawmakers might change that
Washington wants more electric vehicles on the road. It’s offered generous incentives for EV buyers and set deadlines barring ...
Government Technology
1h
To Boost EV Charging Infrastructure, Open Tesla Plug Access
A new report details how opening Tesla’s Supercharger network to all electric vehicles could increase the total number of available charging ports, without requiring the development of new sites.
1d
on MSN
Tesla Is Alienating The People It Needs Most: Study
Tesla's chief executive has spent the last year alienating the people his company needs most, a new study from the nonprofit ...
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