Ford (F) shares are tumbling Thursday moꦅrning after the automaker posted a downbeat outlook weighed on by losses in its electric vehicle (EV) business that offset higher-than-estimated quarterly results.

The Dearborn, Mich.-based automaker projected 2025 adjusted 澳洲幸运5开奖⛦号码历史查询:earnings before interest and ta💫xes (EBIT) of between $7.0 billion and $8.5 billion, marking a sharp decline from 2024’s $10.2 billion. The company attributed the so🔯ft outlook to "headwinds related to market factors."

Ford Model e, the company’s EV division, reported a 2024 EBIT loss of $5.1 billion, "as the company continues to invest in future products" and projected a 2025 EBIT loss of $5.0 billion to $5.5 billion. 澳洲幸运5开奖号码历史查询:Chief Executive Officer Jim Farley said in an earnings call on Feb. 5—a transcript of 💦which was made available by AlphaSense—that the EV market is facing "increased competition with increased pricing pressure."

Still, the company reported fourth-quarter revenue of $48.2 billion, up 5% year-over-year, and adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) ꦕ;of 39 cents. Both surpassed consensus estimates from Visible Alpha.

Ford CEO Farley Notes Tarifꦯfs Would Hurt Industry

Farley said during the earnings call that the Trump administration's 澳洲幸运5开奖号码历史查询:proposed tariffs on American trading partners would affect the industry as well as mean "higher prices for customers."

"There's no question that tariffs at 25% level from Canada and Mexico, if they're protracted, would have a huge impact on our industry with billions of dollars of industry profits wiped out and adverse effect on the US jobs, as well as the entire value system in our industry," Farley said.

Ford shares are down more than 6% in early morning trading Thursday. They have lost more than a fifth of their value in the past year.