Posted on 04/04/2023 1:43:17 PM PDT by MeneMeneTekelUpharsin
Saw a huge 6.3 million share trade in Ford shares after hours. Wow. Anyone knowledgeable enough to explain that one?
Pelosi knows...
Ford has had a ton of financial and technical problems lately, maybe another shoe is going to drop.
I was just thinking of shorting Ford. Was the 6 million a buy or sell?
40000 for an electric truck that doesn’t haul?
yeah, stock is gonna drop soon, so there will be a sell off... is that the movement you saw?
Maybe they have a tranny commercial coming up and an investor got wind of it and seeing the ridicule of Bud, is bailing on Ford beforehand?
Both.
Ford Stock Slips as EV Sales Slow. GM Has Taken Second Place in the U.S.
https://www.barrons.com/articles/ford-stock-ev-sales-gm-tesla-ffcdd248
China’s probably getting ready to move in.
Ford is destined for bankruptcy. It has invested over 10 billion dollars into the development and production of EVs. Most of that money was borrowed. People are simply not buying the vehicles. Ford is losing huge amounts of money and there is little hope that the situation can be remedied even with coercive government regulations that will not be supported by Republicans.
Ford's technical problems with components and processes was going to destroy them. Throw in the completely unrealistic EV commitment plans they have and they are unsustainable.
Go woke, go broke.
That’s also bad from a national security standpoint, because we don’t win WWII without all of those car factories that converted into making planes and tanks.
Ford actually had a solid quarter. EVs had a strong showing year over year as well.
https://www.tipranks.com/news/trucks-and-suvs-lead-fords-sales-higher
Ford, like many of its auto competitors, is going to take a huge bath on this ill-conceived EV fiasco.
Maybe they’re building Kamala’s electric school buses.
The base F-150 is $34k. The F-150 Lightning starts at $60k.
Once they figured out they could burn money and the FedGov would just bail them out, they no longer had any incentive to actually try to make money. Much easier to intentionally fail than to try to succeed if there are no consequences and you make the same salary either way.
-Joe Biden, April 4th, 2023.
Possibly J. P. Morgan activity
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