Ford's EV forecast 'gone from rosy to realistic': Analyst
02/08/2024 00:40
Ford (F) announced a supplemental dividend after topping fourth-quarter earnings estimates on Tuesday. While raising its full-year outlook for 2024, the automaker is still facing losses in its EV segment, to which CEO Jim Farley assured shareholders of Ford's commitment to present affordable electric vehicles to better compete against its rivals. Cox Automotive Executive Analyst Michelle Krebs and Tom Narayan, RBC Capital Markets Lead Equity Analyst — Global Autos, sit down with Yahoo Finance Live to discuss Ford's EV strategy and consumer demand challenges. "At the end of the day, this is an evolution. We are moving towards electrification, so these bets will eventually pay off," Narayan says. "It's just that right now, and we heard this from the Tesla call as well, we're in kind of an in-between two waves, and it could be a little challenging for some time. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Ford (F) announced a supplemental dividend after topping fourth-quarter earnings estimates on Tuesday. While raising its full-year outlook for 2024, the automaker is still facing losses in its EV segment, to which CEO Jim Farley assured shareholders of Ford's commitment to present affordable electric vehicles to better compete against its rivals.
Cox Automotive Executive Analyst Michelle Krebs and Tom Narayan, RBC Capital Markets Lead Equity Analyst — Global Autos, sit down with Yahoo Finance Live to discuss Ford's EV strategy and consumer demand challenges.
"At the end of the day, this is an evolution. We are moving towards electrification, so these bets will eventually pay off," Narayan says. "It's just that right now, and we heard this from the Tesla call as well, we're in kind of an in-between two waves, and it could be a little challenging for some time.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.