2024-05-13 11:24:57 ET
Summary
- The stock of Ford Motor Company is one of the cheapest large cap equities in the market, trading at under six times trailing earnings with a five percent dividend yield.
- One of the main reasons for investor pessimism around the company is that Ford's EV operations are hemorrhaging money.
- We take a look at Ford's EV losses and why this part of the company is likely to be an albatross around the company's neck for the foreseeable future below.
The rollout and adoption of electric vehicles, or EVs, have ebbed noticeably of late. This has resulted in a noticeable increase in inventories in recent quarters and a series of price cuts on many EV models....
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The EV Albatross Around Ford's Neck