[ April 22, 2026 ]
Despite the losses, Ford continues to push forward and hopes to manufacture two million EVs a year by 2026 and hit an 8% profit margin for its EV division. The company is chasing Elon Musk’s Tesla for EV sales in the U.S. and remains far behind the electric car giant. Tesla, which started in 2003, lost money for ten years before finally turning a profit in 2013. Musk’s company made $12.6 billion in 2022, an impressive jump from $5.5 billion in 2021.
They don’t care. As long as the Democrats are running/ruining the economy with their environmental/climate garbage, it’s the American taxpayer that will have to pay for this mess.
Wall Street Journal: Ford Motor Co. expects to lose about $3 billion on its electric-vehicle business this year, a reminder of how far traditional auto makers have to go in turning their EV portfolios profitable. Ford disclosed the figure Thursday while outlining a new financial-reporting structure intended to give investors better insight into the performance of its three business units. Ford finance chief John Lawler described the EV division as a startup inside the 119-year-old company, and said it is normal for a fledgling business to rack up losses. Ford shares were down about 1.3% in afternoon trading Thursday (Wall Street Journal). Daily Wire: Ford plans to explain its financials in more detail to investors and how it will stick to its goal of selling only zero-carbon emission vehicles by 2040. Ford is relying on Ford Blue, its gas-powered vehicle production, to fund the carmaker’s transition to EVs (Daily Wire).
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