1 Electric Vehicle Stock to Consider Buying Now That Ford Just Pulled Back From EVs

Group 1 - Ford Motor Company announced a $19.5 billion charge on its electric vehicle (EV) related assets, including $5.5 billion in cash effects primarily due in 2026 and 2027 [1] - The company is shifting its focus from various EV programs to invest in a Universal EV Platform aimed at producing smaller, affordable models [1] - The EV market has seen a surge in new models due to accelerated investment during lockdowns, but nearly all new models, including Ford's, have been unprofitable [2][3] Group 2 - The introduction of new models in 2024 and 2025 has led to a loss of market share for Tesla, although Tesla has remained profitable and cash-generative [4] - Ford's actions may indicate a trend where automakers cannot sustain large losses while trying to capture market share, positioning Tesla as a likely winner in the EV market [6] - The challenge in the EV sector is to produce profitable models, with only BYD from China currently able to compete with Tesla on profitability [7]