Hey everybody Rob now we're here and today we've got a really interesting topic as Ford

has published their restated financials putting up their business segments so isolating

out EVs which is one of the first times we get access to these types of financials to

compare with Tesla.

Then we've also got a report on the status of the EV tax credit and a couple other items

as well.

Quick look at the stock after a strong start today Tesla trailing off throughout the day

finishing up just six tenths of a percent close to $192.22 all the NASDAQ was up 1% on

the day.

Alright let's get right into these restated Ford financials this is a fascinating first

look at how Tesla's competition compares from a profitability perspective often we see

vehicle specs and things like that we talk about how Tesla is better on profitability

but actual numbers are really hard to come by especially from legacy auto they tend to

hold these very close to their chest.

So kudos to Ford for actually being a little bit more transparent here.

I think this goes a pretty long way in showing that they are committed to EVs.

So how they split this up they've got Ford blue that's basically legacy ice hybrid vehicles

Ford model E that is EVs and then Ford Pro which is commercial vehicles and services.

So this does actually give us a pretty clean look at Ford's EVs this is mostly the Mustang

Mach E the Ford F-150 lightning it is still a little bit convoluted as is pretty much inevitable

with the business of this type but as you can see from this diagram there are still some

flows between these businesses and as far as I can tell we are still missing a couple

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