Ford is Losing Billions & Cutting EV Plans, Falling Further Behind Tesla (04.28.20)

Published: April 29, 2020, 12:19 a.m.

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\\u27a4 Ford releases Q1 earnings report showing billions of dollars of loss and guiding for even larger losses in Q2. F Stock falls 5% after hours.
\\u27a4 Ford cancels all-electric Lincoln branded SUV project with Rivian as legacy automakers fall further behind Tesla's EV pace.
\\u27a4 GM cuts dividend and share repurchase program ahead of earnings report on May 6th.
\\u27a4 Tesla Q1 earnings preview: https://youtu.be/BrTqowJDdKs

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Disclosure: Rob Maurer is long TSLA stock & derivatives

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