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Ford Unveils Massive EV Losses – Tesla’s Dominance on Display (03.23.23)
Tesla Daily: Tesla News & Analysis
Introduction
Ford has published their restated financials splitting up their business segments. This is one of the first times we get access to these types of financials to compare with Tesla. For 2022 they say that wholesale EV sales were 96,000, revenue was 5.3 billion, E-bit earnings was a 2.1 billion dollar loss and perhaps the most interesting thing, their E-bit margin negative 41%.
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