Car companies are bleeding their way (profit-wise) into a hoped-for EV future. Ford last quarter lost $1.3b in the EV division which works out to approx $33k per vehicle loss. EV pricing and sales volumes are softening.
A question is whether car companies have enough blood in the body to continue bleeding before the bloodmobile arrives, which is the hoped-for EV age. Or will they staunch their own bleeding and embrace either a dual-fuel world or retrench back to an ICE landscape?
https://shareholder.ford.com/Investo...rterly-results