Ford CFO Says Slowdown In EV Demand For The Industry Is Because The Vehicles Are Too Expensive, Not Because Of Demand
Portfolio Pulse from Benzinga Newsdesk
Ford's CFO has stated that the slowdown in electric vehicle (EV) demand is due to the high cost of these vehicles, not a lack of demand. This statement suggests that the affordability of EVs is a significant factor in their market penetration.
July 27, 2023 | 8:46 pm
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Ford's CFO's statement suggests that the company may need to address the high cost of their EVs to boost sales. This could impact their profit margins and stock price in the short term.
The CFO's statement indicates that the high cost of EVs is a barrier to sales. If Ford decides to reduce prices to boost demand, this could impact their profit margins. Lower profit margins could lead to a decrease in the company's stock price in the short term.
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