Sooner or later, you run out of other peoples’ money.
Ford Motor Co. cut the price of its electric Mustang Mach-E by as much as $8,100 after its sales tumbled 51% in January when the automaker had to stop offering tax incentives on the plug-in model.
The automaker lowered prices on multiple versions of the 2023 model Mach-E by a range of $3,100 to $8,100, according to an emailed statement Tuesday. The battery-powered crossover SUV that Ford makes in Mexico now starts at $39,895, down from $42,995. The biggest discount is offered on several versions, including the high-end premium model with an extended range battery, which now starts at $45,895.
https://www.dailymail.co.uk/sciencetech/article-13100353/Slipping-EV-demand-forces-lithium-facilities-pause-production.html
GM is laying 1000 off until 2025, Fords laying workers off. I bet they all thought they had it made, new jobs in the “future technology.”
A friend bought an EV last year and boasted that he would be able to trade it at par when the warranty expires, as demand was so brisk. I think he might be disappointed.
Soooo, now they’re losing 46k per EV sold?
wonko, they, definitely are not sane.
“Soooo, now they’re losing 46k per EV sold?”
Yes, but they plan to make it up in volume…
Well, that and $90,000 fairly basic work trucks.
the market always always always wins .
the market is the collective intelligence of all 8 billion humans .
Nice way of looking at it.
I don’t know ’bout you guys…but I AM absolutely LOVING THIS….
It’s no surprise that EVERY 2nd Commercial I see is some glitzy SUV EV.
LMFAO…!! Those that fill positions to make multi Billion Dollar decisions for their Shareholders gonna be sucking the hind Teat here before too long – in a big way. They could drop pricing into the toilet, and it still wouldn’t entice me to even consider one. Ha, for some reason I don’t think I’m alone in that.
WHERE is the benefit.??
I see absolutely NONE & plenty of reason to not even own one if given FREE.
Patently USELESS
Potentially Dangerous
Next up to be Annihilated.
Industrial WIND – SOLAR. (& Charlie Angus)
Steakman
I’m also loving it.
Unfortunately for shareholders, all the decision makers will get big fat bonuses when they leave or are fired.
In other words, Ford had increased the price of their EV by the exact amount of the tax incentive.
And still lost $30k per unit
Anyone who buys an Electric Vehicle … deserves to own an electric vehicle.
It is a curse you know. EVs are not the answer. Neither are windmills, nor solar farms.
Better drill baby, we are far from done with fossil fuels.
“Better drill baby, we are far from done with fossil fuels.”
Yup. 30 to 50 years is a reasonable estimate according to people who actually study these things scientifically and without the usual CAGW bias.
You could pick up a nice, vintage Mustang for $39,000. And not be driving the ugliest Mustang of all time.
Had one of those shitboxes test the prowess of my little F-150, and found out what the tail gate looks like.