Electric Vehicle Stocks, EV stocks, electric car stocks, electric truck stocks

Ford’s EV business lost $2.1 billion last year

Ford Motor Company (NYSE:F) today revealed financial details that could give Wall Street a better understanding of how profitable its evolving electric vehicle (EV) business is.

On an operating basis, the automaker’s EV business lost $2.1 billion last year, offset by $10 billion in profits from its internal combustion and fleet units. The company expects to lose $3 billion this year, though it still anticipates achieving an 8% pretax margin by late 2026. 

Ford Motor stock is edging higher ahead of the open, last seen up 1.7% at $11.67. After briefly breaking above its 20-day moving average earlier this month, the trendline is once again providing resistance on the charts, as is the $12 area. Year-to-date, F sports a small 3.7% lead.

For those wanting to weigh in, options look like the right route, with traders pricing in low volatility expectations. This is per the stock’s Schaeffer’s Volatility Index (SVI) of 41% that sits higher than just 24% of annual readings.

It’s also worth noting F’s Schaeffer’s Volatility Scorecard (SVS) ranks at 75 out of 100, suggesting it has exceeded options traders’ volatility expectations over the past year.

Image and article originally from www.schaeffersresearch.com. Read the original article here.