Giuliano Giacaglia
@giu
Ford stock, $F, is having its worst daily performance since the 2008 Financial Crisis. Currently down ~18%, Ford is set to post its biggest daily decline since November 19th, 2008 This is after they posted a massive earnings miss. They reported EPS of $0.47 which was a whopping 31% below expectations of $0.68. Even though there is a bigger percentage of people buying electric cars, the story is pretty clear that the economy is doing very poorly. Tesla, which is also the best selling electric car maker in the US, also reported weaker than expected sales. To me, this shows that the economy is much weaker than what the official numbers are showing
7 replies
3 recasts
20 reactions
Ben 🟪
@benersing
Yikes. That’s crypto level movement.
0 reply
0 recast
3 reactions
Carlos Matallín
@matallo.eth
Seeing this news, it seems we’re heading into uncertain times for consumer demand
0 reply
0 recast
1 reaction
Abbas🎩👾
@abbass.eth
Unexpectedly, Tesla is doing well after the poor results.
0 reply
0 recast
1 reaction
Americanus
@americanus.eth
Great insight. Thank you
0 reply
0 recast
0 reaction
yangwao ↑
@yangwao
Something is in the air
0 reply
0 recast
0 reaction
Beninem
@beninem
Their business sector of pickups was strong, their EV sector was redder than red and overall they have quality issue galore. I think this is more that Ford sucks outside of making overpriced pickups for businesses.
0 reply
0 recast
0 reaction
Robotandkid
@robotandkid
they're struggling to stay relevant---the new EV pick up truck while made well didn't really find a market. Beyond pickup trucks, their other offerings are shitty. so if they're not doing well it means a) EV gamble did not pay off and b) usual pickup market isn't doing well
0 reply
0 recast
0 reaction
