Ford Is Seeing More Demand For Tesla-Style Chargers Than Mustang Mach-E — But Ordering The NACS Adapter Is Proving To Be Tricky
Portfolio Pulse from Anan Ashraf
Ford Motor Co (NYSE:F) has seen a 4.2% year-on-year decline in Mustang Mach-E sales in the first two months of 2024, despite a price cut. Meanwhile, demand for NACS adapters, enabling Ford EVs to use Tesla's supercharger network, has surged, with the reservation link crashing due to high demand. Ford expects its EV segment losses to widen to $5-5.5 billion this year amid pricing pressure and investment in new vehicles.
March 07, 2024 | 10:56 am
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Ford's Mustang Mach-E sales have declined, but there's high demand for Tesla supercharger adapters. Ford anticipates wider EV segment losses in 2024.
The decline in Mustang Mach-E sales and the anticipated widening of losses in Ford's EV segment could negatively impact investor sentiment in the short term. However, the high demand for Tesla supercharger adapters indicates strong consumer interest in Ford's EV products, which could mitigate some negative perceptions.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100