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Business

Christopher Smith

Ford Is Reportedly Losing $100,000 Per EV Sold

Ford made money in the first quarter of 2024. In its Q1 earnings reports announced on April 24, the company listed a net income of $1.3 billion. That's not exactly chump change, but the payout would've been much higher if Ford's electric vehicles weren't struggling. In fact, the Model e division (which includes all Ford EVs) lost just as much as the entire company gained. According to Bloomberg, Ford is now losing $100,000 on every EV it sells.

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