John

@Delta_V going back many years I've heard the description of the automobile industry problem as "overcapacity."

Too many companies in too many countries are fighting for too few buyers, compared to that production capacity. Like, if you ran all plants atlnd all shifts it would be way too many cars.

Now that's happening in EVs right?

To make money, on specifically the Mustang, Ford it has to sell a lot of Mustangs. Unfortunately everyone else is trying the same thing at the same time.

@fpslem @jeffw

Indeed,

"Ford just reported a massive loss on every electric vehicle it sold"

https://www.cnn.com/2024/04/24/business/ford-earnings-ev-losses/index.html

@fpslem @jeffw

Ford Motor companies net profit margin for 2023 was only 3.83%

They are in a tougher spot than many people understand. If they don't have very fat margins on premium vehicles, they are close to losses.

@[email protected] I tried Threads recently. Maybe my experience there was similar to your (big instance?) experience here.

I used a tag, and boy everybody piled in to tell me what they thought about it. Obviously without reading the thread for context.

And so I'm thinking these are really social media problems. Or big media problems.

The only way to avoid them is to go small within the large.

Find a few friends, chat about things.