Featured Ford scales back EV plans amid a huge $19.5-billion profit loss stemming from Trump policies

ford realizes that it's electric car tech is old. a new plan is in place for the electric future to compete with the chinese:ford-electric-vehicles-china.html
everyone knows politics change, and don't want to be caught with their pants down when the wind changes

 

Over a decade ago there were 100s of Hummers stored at the back of dealerships, on shopping mall back Lots, Etc - now it looks like it's happening to GM & Ford big EVs. Still waiting to see if the Dodge pickup, already months late will remain sitting on its hands. Might be time to get the $500 reservation back.

 

I drive by both Ford and GM dealerships every trip into a small town and marvel at the hundreds of trucks each dealership has on their lot. I'm sure they are a mix of ICE and EV and new and used but how they are going to sell all that expensive iron is beyond me. In my town, every other vehicle is already a truck. Either an obviously work truck, a vanity truck or a jacked up safety hazard.

 

I’ve seen the same at the Chevy dealer, all gas

 

You look at the stock prices of tesla and byd and investors are rewarding them for BEVs. Ford should have partnered with rivian or tesla to get their f150 lightning. Still I think phev may be the way to go for pick up trucks given their weight and lack of aerodynamics. The over agressive regulation then the tarrifs then the penalties by government for doing what it said it wanted seems to be setting back ford and gm. They will be at a disadvantage in the large chinese and european market.

 

i thought tesla was being rewarded for robotaxis

 

Like the WW-2 light bomber B-26 whose small wings led to being called ‘the flying prostitute with no visible means of support.’

TSLA has strong products and enough resources to pass through the <name> depression. Something that is rare in this market. We may be seeing a financial Titanic moment when survivors fought over lifeboat seats.

Bob Wilson

 

Tesla is a "virtual" company being rewarded for "potential" as apposed to performance. Take away the government "subsidies" and carbon tax credits and you have a race to chapter 11. Like ENRON and the 2008 financial crisis it's a game of musical chairs and the scammers running the game end up milking suckers for cash and government for bailout money. It's not a matter of IF but WHEN.

Robotaxi === Roboscam

 

That's odd. Didn't Tesla make over 1 million vehicles this year alone? are those simply virtual cars? Virtual batteries? Virtual employees? Virtual factories? & weren't the financial incentives done away with recently? - per this administration?

 

Yahoo Finance Link below
Elon Musk insists Tesla isn’t a car company as sales falter

the Atlantic
Tesla Wants Out of the Car Business - The Atlantic

Gizmodo
Tesla Isn&#039;t a Car Company Anymore

 

...... so if you want out of thr car business ..... then what business must you necessarily be in - in order to want out of it?

are they in a virtual business?

 

teslas financials don't justify the stock price, but that can be said of a lot of companies these days, too much money chasing too few investments

 

You know when I bought the stock in 2012 people were saying it would never make. profit. The fundamentals were bad, they would never produce an affordable car. Fast forward 13+ years and they are highly profitable. Is the stock over valued? I got back in when the price was about 40% where it is now, its probably over valued today but competition is dropping out in europe and north america. FSD supervised is much much better than a year ago. Who knows. I just know given the tarrifs and uncertainty I would stay away from ford and gm. I fully believe if musk had never gone into politics and social media tesla stock would be twice as high and there would be new products in the pipeline.

 

What does the recent $59B compensation decision do to your stock?

 

Don't confuse stock price with profitability. Take away government subsidies like EV rebates and carbon credit trading and Tesla's profitability disappears. Bottom line is cars are a commodity business like making toasters. You have to sell a lot of toasters on slim margins to make money.

One thing Elon is good at is hype and getting government handouts...cough cough spacex. I'm sure his A.I. will work out for him with government contracts to provide the AI infrastructure for the government. He already has accessed all the government data through his DOGE work and his employees doing the data mining.

 

Yep, stock price is one thing, and profitability is another.

But Tesla isn't the only one that has benefited from government subsidies. Many have said that gasoline is heavily subsidised. Governments have bailed out other automakers. They also disincentivize competition through means like tariffs which artificially increases a company's revenue.

Basically put, governments will throw money towards whatever company or group they think their citizens need and also penalize the ones that they feel their citizens don't need until that company or group of companies is "profitable."

Or change "citizens" for "personal investments."

At any rate, it's no longer about how many toasters a company can make and sell. Rather, it's mostly about which one gets the most help from the government.