Ford is Losing Billions & Cutting EV Plans, Falling Further Behind Tesla (04.28.20)

➤ Ford releases Q1 earnings report showing billions of dollars of loss and guiding for even larger losses in Q2. F Stock falls 5% after hours.
➤ Ford cancels all-electric Lincoln branded SUV project with Rivian as legacy automakers fall further behind Tesla's EV pace.
➤ GM cuts dividend and share repurchase program ahead of earnings report on May 6th.
➤ Tesla Q1 earnings preview: https://youtu.be/BrTqowJDdKs

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Disclosure: Rob Maurer is long TSLA stock & derivatives