{"id":80233,"date":"2025-02-05T16:45:18","date_gmt":"2025-02-05T21:45:18","guid":{"rendered":"https:\/\/autosector.com\/?p=80233"},"modified":"2025-02-05T16:45:18","modified_gmt":"2025-02-05T21:45:18","slug":"ford-beat-q4-2024-earnings-but-ev-losses-continue-to-pile-up","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=80233","title":{"rendered":"Ford beat Q4 2024 earnings expectations, but its EV losses continue to pile up"},"content":{"rendered":"
\n\t\"Ford-Q4-2024-EV-earnings\"<\/figure>\n

Ford<\/a> (NYSE: F) released its fourth-quarter earnings report after the market closed on Wednesday, beating top and bottom line forecasts. Although its Model e electric vehicle business lost another $5.1 billion last year, CEO Jim Farley promises, \u201cFord is becoming a fundamentally stronger company.\u201d Here\u2019s a breakdown of Ford\u2019s Q4 2024 earnings.<\/p>\n

<\/p>\n

Ford Q4 2024 earnings preview<\/h2>\n

Although it sold a record over 97,000 electric vehicles<\/a> last year, Ford was topped by cross-town rival GM as the number two seller of EVs in the US.<\/p>\n

After GM beat Wall St expectations<\/a> last week with upbeat guidance for 2025, Ford looks to match it. Like GM, Ford will likely face more headwinds this year with Trump expected to end federal EV incentives. He is also threatening to impose tariffs on US trade partners, including Mexico, where the Mustang Mach-E is built.<\/p>\n

Although GM doesn\u2019t report separate breakdown for electric vehicles, it said they achieved a \u201cpositive variable profit\u201d in Q4 2024.<\/p>\n

After losing another $1.2 billion in the third quarter, Ford\u2019s Model e business racked up 3.7 billion in losses through the first nine months of 2024. Ford expects EV losses to reach around $5 billion for the year. <\/p>\n

\"Ford-Q4-2024-earnings\"
2025 Ford Mustang Mach-E (Source: Ford)<\/figcaption><\/figure>\n

In Q4 2024, Ford is expected to report total company revenue of around $43 billion, down from $44 billion a year ago and $46.2 billion in the third quarter. The company is forecasted to post an adjusted EPS of around $0.33.<\/p>\n

Investors will be closely watching Ford\u2019s path to EV profitability and the potential impact of tariffs. Last month, Ford\u2019s US sales<\/a> fell 6%, while EV sales were up 21%.<\/p>\n

\"Ford-Q4-2024-earnings\"
Ford Mustang Mach-E (left) and F-150 Lightning (right) (Source: Ford)<\/figcaption><\/figure>\n

Financial breakdown<\/h2>\n

Ford beat Q4 expectations, posting $48.2 billion in revenue, up $2.2 billion year-over-year (YOY). Ford generated $185 billion in revenue for the entire year, its highest ever.<\/p>\n