Do you think Jim Farley made the right move by cutting back on EVs and moving into gas and hybrids? And will Tesla's Cybertruck surpass the Ford F-150 Lightning this year? Be sure to watch: • Elon Musk FIRED Tesla’s ENTIRE Marketing Team! ruclips.net/video/Nc5IDa4PS2w/видео.html • Tesla Unleashes Full Self Driving ruclips.net/video/O8AwgydMeLI/видео.html Visit my website: themarketisopen.com for instant stock quotes and 15 years of free quarterly financial data
A little late maybe, Toyota was way ahead on the pivot away from EVs and it paid off big time for them. Most of the others are following suit, but EV-only makers like Tesla would have a hard time making this transition. Producing a competitive modern combustion engine is a tad more complex than wiring up some batteries to a motor- never mind having to do it without billions in subsidies, tax write offs and carbon credits.
So, Ford did well...but, wait...when Ford ( and GM) SELL a car - they don't actually sell it - they have delivered it to a dealership. And, as it happens, Fords are piling up at dealerships. (Its called " How to tweak the numbers to keep up investor confidence"). SO while the average investor sees the revenue and earnings doing OK - beneath the hood, as it were, the numbers are not at all rosy...
Totally agree: US Domestic Auto Inventories is at a current level of 281.79K, up from 266.36K last month and up from 145.02K one year ago.Or to put it another way the post base rate increases sales have slowed(crashed?). As Elon said this time last year: we (US car manufacturing) have stormy times ahead.
Yes, this is always quietly omitted - I think the total Inventory across the USA atm is 3 million unsold (sold) cars. By the end of this year, it will be 4 million. Tesla do not have this luxury and so Bloomberg take great delight in pontificating about "sales misses" dur to irrelevances like Terrorism, arson and new model ramps.
The legacy OEM’s will not be able to remain in the car manufacturing business unless they become customers of Tesla. They are already using Tesla’s charging system but will be forced to license Tesla’s Full Self Driving software and the necessary hardware to make it functional just to remain competitive. They don’t have the knowledge or money to develop their own version of that software and hardware. ICE and Hybrid pricing will go up as EV prices go down forcing the legacy OEM’s to make the transition just to survive.
Ford will NEVER out-compete Tesla or BYD in electric cars. Even if you got rid of the UAW, forgave Ford's $140 billion debt, and got rid of the dealerships, it would still have to REPLACE its factories with EV production, eliminating the source of funds it has to continue (and pay its dividends to keep the Fords happy). Ford does not have the expertise in computer programming. Unsuccessfully converting to electric simple puts them out of business faster. It's hopeless.
For a few reasons, I decided to trade my Silverado for an F150 Lightning instead of waiting on Cybertruck. The Lightning is a GREAT TRUCK if you have a home-charger and don't need to tow long distances. Especially now that it can use Tesla's Superchargers. Unfortunately, Lightning sales stalled before Supercharger-access activated, because road-tripping was such a hassle. Many owners sold in frustration, and Ford had too many in stock, which they are now selling at big discounts. Bad for Ford, but good for people who want a GREAT EV truck that's relatively cheap.
I think the entire vehicle industry in the USA is stalling, not just electric trucks. Unsold new inventory piling up on lots with no discounts (usually dealer markups wtf)
only Tesla has "Megapack" energy storage; $Billions/year. All extra battery production just is redirected from cars, to storage. GM has some crappy storage ideas but not much compared.
at this rate Ford will be only in the Ford Pro business, with fleet software and services, and vans/trucks, etc ... leaving consumer passenger cars altogether o.O
I think they left passenger vehicles some time ago, the focus for everyone in the USA seems to be trucks (and ever more expensive ones - including the likes of Toyota)
It is not just Ford I am afraid - Q1 2024 results for Mercedes was a car crash too (no pun intended). When China retaliates after the EU imposes import sanctions on Chinese cars, it will get even worse.
Inventory levels are a strong indicator for manufacturers. The inventory is locked up cash flow and capital. The best manufacturers focus on just in time manufacturing to keep revenues as high as possible. Especially were products age like in the tech industry. Low inventory can be a strong indication of growth but can also represent internal production issues. But generally for manufacturers it's best not to lock capital into excess inventory. Because it can create oversupply and downward pressure on price.
My neighbor who works as a government Geologist, he explained that the early edition Chevy Volt hybrids were the best electric car ever made by any company in the world. He said that the batteries never go bad, they last 1 million miles, because they used such expensive rare Earth metals in the batteries by accident, and the gasoline engine allows you to use the car in all the conventional ways (but my neighbor said he can drive 50 miles to work and back without using the engine one single time). Chevy stopped building the first version of the miraculous Chevy Volt (the best car that any American car company has ever produced) because it does everything too well; it solves every problem. It's perfect, or nearly perfect, and the gasoline engine allows you to have real freedom. Of course, you cannot allow consumers to have a true hybrid gasoline-electric car that lasts for 1 million miles.
Whilst I am not sure about the content of the Chevy Volt Battery, it is a very well thought out vehicle, with just enough battery for daily commutes and the engine as a generator for longer drives. The engine will engage with the drivetrain in certain circumstances. It is a much better car than modern Hybrids. I really rate them and I know there are some examples still going strong at over half a million miles.
Ford currently is losing over $130,000 per EV vehicle. This might explain why they don’t want to produce very many EVs .. Because, the more they produce the more they’re bottom line suffers. So in a desperate attempt to hang onto any profitability they’ve drastically cutting EV production 😮
I'm lucky enough to own a 65 Mustang which is an amazing car! In it's time it was relatively inexpensive, produced in mass numbers and eloquent in both design and engineering! We should miss the old Ford! They had done some amazing things over the years! It's sad to see what they have come to!
That seems to be where they are going- focusing on AI via FSD- technology which can monitor your eyes, report bad driving, and take full control of your car if it wants. This could be a big money maker: Charge a monthly subscription to everyone who already bought a Telsa, and threaten to install this in their cars if they don't!
What nonsense. Every bump in the road and you fools go into full panic mode. It's the classic short sighted low quality thinking you people are famous for.
Do you think Jim Farley made the right move by cutting back on EVs and moving into gas and hybrids? And will Tesla's Cybertruck surpass the Ford F-150 Lightning this year? Be sure to watch:
• Elon Musk FIRED Tesla’s ENTIRE Marketing Team! ruclips.net/video/Nc5IDa4PS2w/видео.html
• Tesla Unleashes Full Self Driving ruclips.net/video/O8AwgydMeLI/видео.html
Visit my website: themarketisopen.com for instant stock quotes and 15 years of free quarterly financial data
No. Ford made the wrong move.
A little late maybe, Toyota was way ahead on the pivot away from EVs and it paid off big time for them. Most of the others are following suit, but EV-only makers like Tesla would have a hard time making this transition. Producing a competitive modern combustion engine is a tad more complex than wiring up some batteries to a motor- never mind having to do it without billions in subsidies, tax write offs and carbon credits.
Ford must develop BEV's which have the possibility to become profitable. Hybrids will keep the lights on in the meantime.
So, Ford did well...but, wait...when Ford ( and GM) SELL a car - they don't actually sell it - they have delivered it to a dealership. And, as it happens, Fords are piling up at dealerships. (Its called " How to tweak the numbers to keep up investor confidence"). SO while the average investor sees the revenue and earnings doing OK - beneath the hood, as it were, the numbers are not at all rosy...
Totally agree: US Domestic Auto Inventories is at a current level of 281.79K, up from 266.36K last month and up from 145.02K one year ago.Or to put it another way the post base rate increases sales have slowed(crashed?). As Elon said this time last year: we (US car manufacturing) have stormy times ahead.
Yes, this is always quietly omitted - I think the total Inventory across the USA atm is 3 million unsold (sold) cars. By the end of this year, it will be 4 million. Tesla do not have this luxury and so Bloomberg take great delight in pontificating about "sales misses" dur to irrelevances like Terrorism, arson and new model ramps.
The legacy OEM’s will not be able to remain in the car manufacturing business unless they become customers of Tesla. They are already using Tesla’s charging system but will be forced to license Tesla’s Full Self Driving software and the necessary hardware to make it functional just to remain competitive. They don’t have the knowledge or money to develop their own version of that software and hardware. ICE and Hybrid pricing will go up as EV prices go down forcing the legacy OEM’s to make the transition just to survive.
Ford will NEVER out-compete Tesla or BYD in electric cars. Even if you got rid of the UAW, forgave Ford's $140 billion debt, and got rid of the dealerships, it would still have to REPLACE its factories with EV production, eliminating the source of funds it has to continue (and pay its dividends to keep the Fords happy). Ford does not have the expertise in computer programming. Unsuccessfully converting to electric simple puts them out of business faster. It's hopeless.
For a few reasons, I decided to trade my Silverado for an F150 Lightning instead of waiting on Cybertruck. The Lightning is a GREAT TRUCK if you have a home-charger and don't need to tow long distances. Especially now that it can use Tesla's Superchargers. Unfortunately, Lightning sales stalled before Supercharger-access activated, because road-tripping was such a hassle. Many owners sold in frustration, and Ford had too many in stock, which they are now selling at big discounts. Bad for Ford, but good for people who want a GREAT EV truck that's relatively cheap.
I will stick with getting my Cyber Truck
I think the entire vehicle industry in the USA is stalling, not just electric trucks. Unsold new inventory piling up on lots with no discounts (usually dealer markups wtf)
only Tesla has "Megapack" energy storage; $Billions/year. All extra battery production just is redirected from cars, to storage. GM has some crappy storage ideas but not much compared.
should have stayed the course…dropping out is a big mistake
at this rate Ford will be only in the Ford Pro business, with fleet software and services, and vans/trucks, etc ... leaving consumer passenger cars altogether o.O
I think they left passenger vehicles some time ago, the focus for everyone in the USA seems to be trucks (and ever more expensive ones - including the likes of Toyota)
It is not just Ford I am afraid - Q1 2024 results for Mercedes was a car crash too (no pun intended). When China retaliates after the EU imposes import sanctions on Chinese cars, it will get even worse.
Switching to hybrids is the death nail for Ford and GM. The more people realize they don't need TWO drivetrains to accomplish their travel needs.
Not sure they have a lot of choice. The losses on EVs is eyewatering for them
Inventory levels are a strong indicator for manufacturers. The inventory is locked up cash flow and capital. The best manufacturers focus on just in time manufacturing to keep revenues as high as possible. Especially were products age like in the tech industry. Low inventory can be a strong indication of growth but can also represent internal production issues. But generally for manufacturers it's best not to lock capital into excess inventory. Because it can create oversupply and downward pressure on price.
Still buying Tesla Stock still at a great price sold my ford stock in 2021
Set the playback speed to 1.25x, so the narrator sounds normal 😂
"...Ford is cruising along..." ISWYDT 🤣
Ford trucks lead the world in recalls.
My neighbor who works as a government Geologist, he explained that the early edition Chevy Volt hybrids were the best electric car ever made by any company in the world.
He said that the batteries never go bad, they last 1 million miles, because they used such expensive rare Earth metals in the batteries by accident, and the gasoline engine allows you to use the car in all the conventional ways (but my neighbor said he can drive 50 miles to work and back without using the engine one single time).
Chevy stopped building the first version of the miraculous Chevy Volt (the best car that any American car company has ever produced) because it does everything too well; it solves every problem. It's perfect, or nearly perfect, and the gasoline engine allows you to have real freedom. Of course, you cannot allow consumers to have a true hybrid gasoline-electric car that lasts for 1 million miles.
I owned one , a piece of junk, no tech.
Your neighbour is not a geologist. There are no rare earth metals in batteries. Chemistry 101.
Whilst I am not sure about the content of the Chevy Volt Battery, it is a very well thought out vehicle, with just enough battery for daily commutes and the engine as a generator for longer drives. The engine will engage with the drivetrain in certain circumstances. It is a much better car than modern Hybrids. I really rate them and I know there are some examples still going strong at over half a million miles.
Boy you are either being silly or proving you're the easiest mark out there.
Sounds like they are doing what Tesla is doing, difference being Ford have ICE and hybrid vehicles to take up the slack.
Ford currently is losing over $130,000 per
EV vehicle.
This might explain why they don’t want to produce very many EVs ..
Because, the more they produce the more they’re bottom line suffers.
So in a desperate attempt to hang onto any profitability they’ve drastically cutting EV production 😮
What a load off rubbish, ev's, as they are , are doomed.
Which is you spouting a load of rubbish.
Interesting but the commentator reading and so painfully slowly killed me. Reading is bad enough, reading AND slow is abysmal
Grata
I'm lucky enough to own a 65 Mustang which is an amazing car! In it's time it was relatively inexpensive, produced in mass numbers and eloquent in both design and engineering! We should miss the old Ford! They had done some amazing things over the years! It's sad to see what they have come to!
Ford makes a car?
👍
FORD HAS BEEN THE KING OF JUNK FOR LONG TIME ,,,,, Thats a shame
If Tesla is really serious about the mission, it might need to stop enabling other companies by stopping the sale of credits
At least ford isn't tesla.
EVs are stupid.
Say the stupid.
If it's stupid but it works, it's not stupid.
Good for Ford to realize EV is not the future. TSLA should be cautious and began to divest in EV and concentrate on other technologies.
That seems to be where they are going- focusing on AI via FSD- technology which can monitor your eyes, report bad driving, and take full control of your car if it wants.
This could be a big money maker: Charge a monthly subscription to everyone who already bought a Telsa, and threaten to install this in their cars if they don't!
Hybrids and Sulphur batteries!
Yes, Like nuclear powered cars or ones that run on water or Pee.
What nonsense. Every bump in the road and you fools go into full panic mode. It's the classic short sighted low quality thinking you people are famous for.