Wow, the amount of bullsh!t in this story can take your breath away. Ford stock price briefly exploded in late 2021. It’s now on the high end of the range that it’s otherwise been in since the WTC attacks ($2 to $16).
“Losses” here mean “investments.” To call it a “loss” is to imply falsely that Ford has no more assets after spending the money than it did when it began. Ford’s creation of its electric car program has cost several billion dollars. These same preachers of stupidity warned gullible conservatives for years and years how Tesla could never make money, and was losing billions. Tesla is now worth ten times more than Ford and GM combined.
Tesla doesn't make money from selling the EVs it manufacturers. Tesla makes money from selling (to other OEMs, who need them for purposes of regulatory compliance) the GHG tailpipe "credits" it generates from those EVs it does sell. This GHG "credit" system was a regulatory invention of the Obama EPA. It is not even something that Congress established. This credit program is supposedly due to "sunset" in the out years. We'll see how well Tesla is doing if and when that day comes.
Tesla has yet to demonstrate that it can actually turn a profit solely from selling EVs.