Nora Naughton
- Ford says its EV business will keep losing money until at least 2026.
- Ford's CFO said investors should look at Ford's EV business as a startup within the company.
- Ford is aiming to build 2 million EVs annually by 2026.
Ford said Thursday it's still losing billions of dollars on electric vehicles and it won't turn a profit on those cars for at least another three years.
Ford gave a peek into the financials for its electric vehicle business, known as Model e, for the first time Thursday. The Model e segment expects to report a full-year loss of $3 billion in 2023 alone, a stark sign that the company still has a long way to go before it makes money on the cars it says will lead its future.