Auto giant Ford reported its worst quarterly earnings in four years on Tuesday, and a net loss of $8.2 billion for 2025, the largest yet since the 2008 recession.
At least some of that is due to the $4.8 billion that the company’s electric vehicle division lost in 2025.
The outlook is still looking bleak. Company executives said they expect to lose $4-4.5 billion more in 2026, and no expectation to breakeven until around 2029.
Yeah, and they said: we don’t want EVs that cost $70K+. I swear to god, if just ONE fucking car company had released a single, fucking electric pickup truck about the size and price of the Ford Maverick (or even a little smaller), a lot of people would have bought it.
Instead, Tesla released the six figure monstrosity that was the Cybertruck, Chevy released the 10,000 pound, $90,000 Silverado EV (and the even more expensive GMC Sierra EV), and Ford released the Lightning, which was large without the towing capacity and still cost $70K to $80K.
I’m loving the EV Maverick idea.
I’m semi-interested in what Slate is doing but highly unenthused by its financial backer