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Ford Just Lost Billions of Dollars on EVs. Here's Why That's Good News.

TheMotleyFool

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Ford Just Lost Billions of Dollars on EVs. Here's Why That's Good News.: https://g.foolcdn.com/editorial/images/760187/f-150-lightning-flash-3.jpg

Ford Motor Company (NYSE: F) just released its fourth-quarter sales data for investors to chew on before the company releases its fourth-quarter and full-year 2023 results later this month. The good news is that the company posted a record quarter for electric vehicle (EV) sales, but the bad news is that means billions of losses in the near term.

Here's why it's still a positive development for Ford investors.

Ford's 2023 U.S. sales jumped 7.1% to nearly 2 million vehicles, led by strength in its F-Series full-size trucks, commercial vehicles, and a record year with electric vehicles.

Source Fool.com

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