) will report first quarter results after the bell on Wednesday. Its changing product game plan will be front and center with its focus on gas and hybrid offerings to offset heavy spending on EVs.For the quarter, Ford is expected to report revenue of $40.04 billion, per Bloomberg consensus, a result that would be 3.5% lower than a year ago. Ford is also expected to post adjusted earnings per share of $0.42 on adjusted EBIT of $2.54 billion.
The new Ford F-150 truck is launched at a celebratory event at the Ford Dearborn Plant on April 11, 2024, in Dearborn, Michigan. Even Ford's EV offerings — the Mustang Mach-E, Ford Lightning EV, and its commercial E-Transit vans —bucked the recent trend of softening demand. Ford’s overall EV portfolio saw a massive 82% jump to 20,223 EVs sold in Q1, with the Mustang Mach-E jumping 77.3% to 9,589 units sold and the Lightning pickup seeing sales surge 80.4% to 7,743 units.
Three top executives at Tesla have resigned in two weeks, with the latest departure at the end of its earnings callAre you looking for a super dividend stock to buy now and generate a whopping passive-income stream? Here's an option that's too good to ignore. The post Buy 3,000 Shares of This Super Dividend Stock For $3,300/Year in Passive Income appeared first on The Motley Fool Canada.
ARK has long counted Tesla as one of its top holdings, but its more than 40% decline year-to-date has weighed heavily on the performance.The price of gold continues to hit the headlines, but this material is also making waves and should continue to climb for investors. The post Forget Gold: This Other Metal Is Sure to Soar Higher! appeared first on The Motley Fool Canada.Canadian AI stocks like Open Text Corp are changing the game.
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