Last quarter, the company’s EVs hit positive variable profitability, meaning revenues on sales are greater than the costs to build the vehicles, an important milestone. Unfortunately, the situation with GM’s cross-town rival,

Ford is the first major automaker to report earnings since Trump signed an executive order stating that the U.S. would impose 25% tariffs on goods from Mexico and Canada, which would affect Ford.

Ford revealed in its latest earnings report that its Model e electric vehicle division is expected to see losses above $5 billion in 2025, similar to last year.