Quote:
Originally Posted by Realist
Ford EV’s up 61% but when you look at the actual number is only 24000 for the quarter and they are heavy discounting the product for a loss.
I saw where Ford CEO called upon managers to lease an EV. I’m calling upon the multimillionaires here who own non-GM or Non-Ford EV’s to drop their Tesla or Audi and step to the plate and trade for a GM or Ford EV to support the whole reason why we have $7500 EV incentives, ie to prop up the Legacy Autos.
Was at locally Chevy Dealer this weekend looking at Colorados. Asked about the 10 Blazers EVs on lot and how they are selling. Salesman said “they are paperweights on the lot”. He mentioned how the local Cadillac dealer has 60% Lyriqs on lot. I checked the dealer and their inventory showed 21 Lyrics which was about 30% of their inventory. Ouch
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Pay attention to Ford, they report EV financials separately. I didn't see 2nd quarter yet. 1st quarter had $10k in revenue per EV sale, so only they know when they hope to recoup their investment. Farley has said that they are betting the company on the upcoming low cost EV development group.