to be clear, they are getting battered because of the loss of credits, however, other brands are getting absolutely demolished to the point that they are stopping production of some models.
AI Breakdown:
Ford:Stopped production of the F-150 Lightning (all-electric pickup) in late 2025.
Canceled plans for a next-generation large all-electric pickup (codenamed "Project T3" or similar).
Scrapped other planned EV models, including an electric commercial van and a three-row electric SUV.
Took a $19.5 billion writedown (with ~$8.5 billion tied directly to canceling EV models/programs), shifting focus to hybrids and lower-cost/EREV options (e.g., a future F-150 with range-extender tech targeted for later years).
GM (General Motors):Repurposed plants originally planned for EVs (e.g., Orion Assembly in Michigan shifted from EVs to gas-powered models like Cadillac Escalade, Chevrolet Silverado).
Delayed or reduced production at several EV facilities, including cuts to output for models like the Chevy Bolt EV refresh, Cadillac Lyriq/Vistiq, and GMC Hummer EV.
Took charges totaling over $7-8 billion related to EV pullbacks (including a $6 billion writedown in early 2026 for supplier contract cancellations and reduced investments).
Has not fully canceled core electric pickups like the Chevy Silverado EV or GMC Sierra EV yet, but has scaled back ambitions and warned of further adjustments amid muted demand.
Stellantis (Chrysler, Dodge, Jeep, Ram):Canceled the Ram 1500 REV (fully electric pickup) before production started.
Dropped several plug-in hybrid models (e.g., Chrysler Pacifica PHEV, Jeep Grand Cherokee 4xe) for 2026.
Scrapped or postponed other EV plans, including the high-performance Dodge Charger Daytona SRT Banshee and entry-level Dodge Charger Daytona R/T EV trim.
Took the largest hit: around $26 billion in charges for unwinding EV commitments, battery investments, and strategy resets, admitting it overestimated the speed of the EV transition.
Turns out, since the beginning, Tesla would have been fine without the tax incentives, these other brands only lived because of the tax credits, and once they went away, so did their vehicles. To me, this is self explanatory, I own a Tesla and have owned other EV's, and other EV's are absolute trash compared to tesla's it's like comparing nokia to iphone, not even on the same planet other than having electric as a fuel source. Plenty of leftists also get this (actions speak louder than words) as Tesla is destroying competition in California (where I'm from).
Legacy auto was only around for the government grift and that went away because even with government grift, it wasnt enough for them to compete against Tesla, crap is crap, and buyers would eventually figure it out.
@GrantB13 "Climate Change" aka Global Warming was an absolute grift