Ford Abandons Its EV Bet With a $19.5B Charge (And Robotaxis Trigger a Selloff in Uber and Lyft)
Ford admits its EV strategy failed with a $19.5B write-down, tariff revenue hits $200B but declines, consumers keep spending despite low sentiment, robotaxis accelerate with Tesla and Waymo hurting Uber and Lyft, Zillow drops on Google competition fears, and TikTok’s sale deadline gets extended yet again.
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