How auto industry finances fared in Q3 amid tariff changes, end of EV tax credits
Q3 earnings reports were a mixed bag for major automakers like Ford, GM, and Tesla.
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Q3 earnings reports were a mixed bag for major automakers like Ford, GM, and Tesla.
Tesla reported $1.2 billion in net income in Q2, down 16% YoY.
Tesla’s financial performance surpassed analysts’ expectations, while Ford attributed weak results in part to charges tied to paring back its electrification plans.
“Ford saw the opportunity to fill this plant with a much more profitable product as they figure out where to build the three-row electric crossover,” one industry analyst told Tech Brew.
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