Automotive: Ford lost $132K on every EV it sold, Teslas pile up

Parking lots full of Tesla vehicles are becoming prevalent, as the electric automaker can’t sell enough cars and trucks to match its rate of production. Consumers are wising up to the Green New Deal hoax.

According to its own figures, the electric automaker produced 46,561 more vehicles than it delivered to customers during the first quarter of 2024.

Where are all these cars going? Parking lots at its factories, malls and airports everywhere.

As an example, we drive past the Quakerbridge Mall in Lawrenceville, NJ and last week we saw far more Teslas stored in the Mall’s massive parking lot than ever.

Teslas in Quakerbridge Mall Parking Lot. Consumers are wising up to the fact that activity on the sun causes global warming, not humans

The Chesterfield Mall, about 20 miles west of St. Louis, has become an overflow lot for Tesla. Tim Lowe, a Staenberg Group senior vice president, told KTVI:

“We put a plan together to try and create alternate uses that would kind be able to use some of the remaining life left in the mall before we tear it down. One of those uses was allowing people to use the parking lot for different things.”

“One of our users happens to be Tesla, who does have a dealership in the [Chesterfield] Valley, but does not have enough capacity at the dealership to park all of the cars they are bringing in. So they are renting space within the parking lot to store their cars.”

April 29, 2024

Ford Motor Company reported a massive $132,000 loss on each electric vehicle (EV) sold during the first three months of 2024, amassing a $1.3 billion loss.

The auto manufacturer’s electric vehicle unit revealed Thursday that they experienced a 20 percent decrease in sales volume and were forced to slash prices due to low consumer demand, CNN reported.

The revenue for Ford’s EV car, the Model e, plunged by 84 percent to about $100 million, which the company blamed on EV price cuts across the auto industry.

“That resulted in the $1.3 billion loss before interest and taxes (EBIT), and the massive per-vehicle loss in the Model e unit,” the publication noted.

Now, company officials are estimating that their EV division will lose a grand total of $5 billion this year, up from $4.7 billion last year.

“Americans don’t want EVs at levels Biden’s climate hysteria require,” author and businessman Andy Puzder wrote on X. “Ford’s EV Q1 losses soared to $1.3 billion — a ridiculous $132,000 per EV sold. All Ford’s profits came from combustion engine vehicle sales. Collectivist policies destroy prosperity.”

“This does not appear to be “sustainable,” said environmentalist Patrick Moore.

Energy and environmental science expert Steve Milloy called Ford’s loss a “massive EV disaster.”

Ford announced earlier this month that the company will delay producing two new electric models, opting for hybrid vehicles instead.

“Many companies rushed in too fast with E.V.s that were too expensive and there was not as much of a market for them as they thought,” Sam Abuelsamid, transportation and mobility analyst at research firm Guidehouse Insights, told the New York Times. “That’s made it a lot tougher to sell those vehicles.”