But EV Losses Soar: Unfortunately, despite the increase in volume, Ford’s EV losses continued to mount during Q3, reaching an operating loss of $1.3 billion. This represented a significant leap from the $1.1 billion loss recorded in the previous quarter and more than doubled the loss experienced in Q3 2022. In essence, this meant that for every electric vehicle sold in the quarter, Ford incurred a loss of approximately $36,000, surpassing the estimated $32,350 loss per EV in the second quarter.
