![Ford Shares Drop Sharply After Earnings Miss Due to High Costs and EV Losses](/content/images/size/w600/2024/07/33d4d99a-867a-41c3-8737-53e382a36cfe.png)
Business
Ford Shares Drop Sharply After Earnings Miss Due to High Costs and EV Losses
Shares of Ford Motors fell over 12% after the automaker missed second-quarter profit estimates due to higher costs and competition in its electric vehicle (EV) business. The company reported an adjusted profit of 47 cents per share, falling short of analysts' expectations of 68 cents. The stock dropped 11%