• TenguBlade@alien.topB
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    10 months ago

    Lucid and Rivian also bleed money

    And it’s okay for them to lose money because Wall Street treats them like startups. If Ford or GM began losing money then shareholder would dump them immediately, because the investor that holds their stock does so expecting immediate quarterly dividends, not maybe-profit in 5 years.

    • bpnj@alien.topB
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      10 months ago

      So what you’re saying is ford management is ok kicking the can down the road instead of making difficult choices to ensure the future of the company. Isn’t that how ceos justify making so much more money than workers?

      These companies are taking the easy way out by not making investments for the future. It’s inevitable the company will either need to make EVs profitably or cease to exist.

      • TenguBlade@alien.topB
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        10 months ago

        No, what I’m saying is Ford shareholders are okay with that, and part of the CEO’s job is making them happy alongside their workers. And if you look at the largest shareholders of Ford, they’re mostly wealth management companies who want those quarterly yields so the people who set up retirement/investment funds with them see returns.