Wall Street Breakfast Ford takes $19.5B EV reset
7 snips
Dec 16, 2025 Ford takes a significant $19.5 billion write-down, pivoting its electric vehicle strategy and halting Lightning production. Meanwhile, Nasdaq seeks approval for nearly round-the-clock stock trading to enhance market accessibility. As the holiday shopping season gears up, Super Saturday promises impressive turnout, with forecasts indicating record sales. Other headlines include Tesla directors reaping over $3 billion in stock awards and Trump's lawsuit against the BBC. Stay tuned for upcoming investor events and key market moves.
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Ford’s Big EV Reset
- Ford is taking a $19.5 billion write-down and reshaping its EV strategy due to weak demand and high costs.
- The charges hit through 2027 even as Ford raises 2025 EBIT guidance and keeps free cash flow targets.
Pivot Production And Repurpose Plants
- Shift production and product mix toward hybrids and extended-range EVs to match slower EV demand and cost realities.
- Repurpose battery plants to produce energy cells for the grid and data centers to diversify revenue and use.
NASDAQ Eyes Near 24-Hour Trading
- NASDAQ plans to expand trading hours from 16 to 23 hours and file with the SEC to enable near-round-the-clock trading.
- The new schedule splits day and night sessions with a one-hour break and treats night trades as next-day trades.