Ford writes down $19.5 billion as it pivots electric lightning, lighting line of vehicles.

And this is page 11 if you want to go to.

This is a fortune story.

So let's go through it.

So Ford searches for finding profitability for its electric vehicle

continues. So the Dearborn Michigan-based automaker will make a series of changes to its line of

vehicles and production facility to focus on producing affordable vehicles that better aligned with

customer desires it's announced on Monday. The company will also scrap production of certain larger EVs, ready, including the F-150

Lightning, which it will retool as an electric vehicle with a gas power generator, as well

as redouble development of smaller, lower cost cars, including a mid-sized pickup truck in

27. I can go give a lot of other stats here, but I'm just going to go to Tom. Tom. including a mid-sized pickup truck in 2027.

I can go give a lot of other stats here, but I'm just going to go to Tom.

Tom, $19.5 billion.

What's going on with Ford?

Well, I happen to think that a set of governors, blue governors, led by Gavin Newsom,

owe the shareholders probably half of that. Because you had, you know,

California said, oh, by 2030, what was it? By 2030, you have to be 30 percent EVs. They had these

steps. And they basically stepped on, you know, the demand side of the automakers and said,

you will do this. Meanwhile, California didn't have the

electric infrastructure to do that, and they don't even have the electric infrastructure to power

the data centers that are going to be in California, which is not as many as going to be elsewhere,

which is another story. But you had all the automakers got behind it. The point is, Ford got

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