Ford Motor Company (NYSE: F) will report its Q4 2021 Earnings today. The automaker is in the midst of a massive shift to electrification, surged by billions of dollars in investments and a reputation as one of the most successful legacy automotive companies to turn to EVs in a changing sector so far. Ford’s Earnings Call is set to begin at 4:05 PM EST today. Here’s what to expect.
Wall Street Consensus
Wall Street expectations predict that Ford will post a profit of .45 cents per share and an increase in revenue to $35.5 billion. The estimates are courtesy of Refinitiv, a global provider of financial market data and infrastructure. Increases in EPS are attributed to Ford’s improved semiconductor situation. As noted by GM earlier this week in their Q4 Earnings Call, CEO Mary Barra believes shortages in semiconductor availability will decrease. By Q3 and Q4, Barra said that “we’re going to be really starting to see the semiconductor constraints diminish.”
Ford was affected by the semiconductor shortage, as was every automotive company on the planet. However, there is an indication from several companies and sector analysts that the issues regarding chip shortages could subside by late 2022, which will only provide positive benefits for the electrification industry as more vehicles can be delivered due to a plentiful chip and semiconductor supply.
Ford’s Farley commits to 600k units in 22 months: ‘I think we’re one of the first to scale’
Growth
Ford has already outlined tremendous growth targets on behalf of CEO Jim Farley. Farley committed Ford to several increased production capacity plans, one for the F-150 Lightning and one for the Mustang Mach-E. Additionally, Farley said Ford should be able to deliver 600,000 electric vehicles in 22 months, citing that he feels the company could be the first legacy automaker to scale EVs.
Ford’s electrification switch has already contributed to a strong shift in powertrain choice. Ford saw growth overall in January 2022 compared to the same month in 2021, but most of the growth was due to its electrification options. With the F-150 Lightning order bank opening up in January, pre-order holders were able to finalize their trim and package level for Ford’s introductory electric truck.
According to Refinitiv, analysts believe Ford will earn between $1.54 and $2.35 EPS on revenue of $147.5 billion.
Ford’s stock price has increased substantially since Farley took the CEO position in 2020. The automaker recently achieved a $100 billion valuation due to the increase.
Rivian
CNBC notes that some analysts may have skewed forecasts if they did not pay attention to Ford’s financing adjustments that it revealed last month. Ford stated that it made $8.2 billion on its investment in Rivian. The gains occurred when the company went public.
“The company also reclassified a $900 million profit on its equity investment in Rivian to a special item which will impact the company’s full-year adjusted earnings guidance,” CNBC wrote in its synopsis of Ford’s Earnings Call.
Analysts Consensus
Dan Ives, an analyst for Wedbush, said, “Huge step in the right direction as Farley doubling down on EV vision. We believe Ford is in the midst of massive EV transformation led by Electric F-150.”
Additionally, Philippe Houchois of Jeffries stated, “Ford is back, with strong earnings and a repaired balance sheet. Shares have also rerated on recovered earnings that now approach cyclical highs.”
Disclosure: Joey Klender is not a Ford Stockholder.
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Investor's Corner
NASA taps SpaceX to launch the telescope that could unlock new worlds
NASA’s Roman Space Telescope heads to orbit this August aboard SpaceX’s Falcon Heavy with massive scientific ambitions.
SpaceX is set to play a central role in one of NASA’s most anticipated science missions in years. The company’s Falcon Heavy rocket, currently the most powerful operational launch vehicle in the world, will carry the Nancy Grace Roman Space Telescope into orbit on August 30 from Kennedy Space Center in Florida. Roman is now in final preparations inside the Payload Hazardous Servicing Facility, where on June 26 technicians used a crane to lift the observatory into a specialized stand for fueling and pre-launch testing.
Roman is named after Nancy Grace Roman, NASA’s first chief of astronomy, whose career helped shape how the agency approaches space science.
NASA chose SpaceX Falcon Heavy because of Roman’s needs to reach a specific orbit far from Earth, well beyond where a standard Falcon 9 can deliver it. The Falcon Heavy, which first flew in 2018, has since become NASA’s go-to option for missions that need serious muscle without the cost and complexity of older launch systems.
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Roman will carry a field of view at least 100 times wider than the Hubble Space Telescope, meaning it can photograph enormous swaths of the universe in a single shot rather than the narrow slices Hubble captures. That difference in scale is significant. While Hubble reshaped our understanding of the cosmos over 30 years, Roman is built to work faster and wider, surveying hundreds of millions of galaxies at once.
One of Roman’s most compelling capabilities is its potential to discover and photograph planets orbiting stars outside our solar system, and with enough precision to directly image planets that would otherwise be lost. That means scientists could study the atmosphere and surface characteristics of distant worlds rather than simply confirming they exist. Combined with Roman’s sweeping field of view, the telescope could detect thousands of exoplanets, and some of those planets may be in habitable zones where liquid water could exist. No telescope currently in operation has this level of power and capability. That capability alone could change what we know about other worlds, and perhaps finally answer the question: are we the only intelligent lifeforms in existence?
What Roman actually finds once it reaches orbit is an open question, and that is exactly what makes this launch worth watching.
Elon Musk
California snubs Tesla in its newly passed EV incentive that favors Rivian and Lucid
California passed a $135 million EV incentive that rewards Rivian and Lucid while sidelining Tesla
California just drew a line in the EV incentive sand to put Tesla on the wrong side of it. The state recently passed a $135 million program offering first-time electric vehicle buyers a direct incentive with no application required, but the rules were written in a way that leaves Tesla at a structural disadvantage compared to Rivian and Lucid.
The program caps eligible vehicles at $50,000 for new EVs and $25,000 for used ones. That pricing threshold rules out a significant portion of Tesla’s lineup, though some lower-priced Model 3 and Model Y configurations would still qualify. California-based automakers are exempt from the price cap entirely, regardless of what their vehicles cost. Rivian, headquartered in Irvine, and Lucid, based in the San Francisco Bay Area, both benefit from that exemption. Rivian’s R2 starts at roughly $45,000 but has versions above the cap. Lucid’s Air and Gravity start at $70,990 and $79,990 respectively, well above any threshold a non-California company would face.
California hits Tesla Cybercab and Robotaxi driverless cars with new law
Tesla built its reputation and a significant portion of its early market share in California, where EV adoption has consistently led the nation. The company operates its original factory in Fremont, California, and the state was home to Tesla’s headquarters for most of its existence. That changed in 2021 when Tesla moved its corporate headquarters to Austin, Texas. Since then, the relationship between the company and California Governor Gavin Newsom has been openly adversarial, with Musk and Newsom trading public criticism on multiple occasions.
California’s EV incentive landscape has shifted repeatedly in recent years, and Tesla has previously lost eligibility for state-level programs as its vehicles exceeded income-adjusted price thresholds. The federal $7,500 EV tax credit, which Tesla models have qualified for and lost depending on policy cycles, is no longer available after it expired without renewal, making state-level programs more meaningful to buyers than they have been in years.
The practical impact for buyers is more nuanced than the headline suggests. California residents purchasing a Tesla under $50,000 for the first time can still access the incentive. But the exemption written for California-based manufacturers is a structural advantage that rewards where a company plants its headquarters flag rather than where it builds its products, and Tesla moved that flag to Texas.
Elon Musk
SpaceX’s newest logo confirms everything about what it’s become
SpaceX officially absorbed xAI under the SpaceXAI brand, completing the largest private merger in history.
SpaceX made its corporate transformation official in May 2026 when Elon Musk posted on X that xAI would cease to exist as a standalone company. “xAI will be dissolved as a separate company, so it will just be SpaceXAI, the AI products from SpaceX,” he wrote.
A new SpaceXAI logo was announced today, visually embedding the xAI letters inside the SpaceX identity, which can be seen as a deliberate design choice that signals the merger is not a partnership but a full absorption and XAi a core function of the same company. The same way Starlink is not a separate brand but a SpaceX product. The announcement closed the loop on a process that began February 2, 2026, when SpaceX acquired xAI in the largest private merger in history, valued at $1.25 trillion. SpaceX at $1 trillion and xAI at $250 billion.
We are now @SpaceXAI. pic.twitter.com/ema66xDWC9
— SpaceXAI (@SpaceXAI) July 6, 2026
The reason SpaceX bought xAI was stated plainly by Musk at the time of the deal: to build orbital data centers. SpaceX had simultaneously filed with the FCC to launch up to one million satellites designed to function as AI compute nodes in low Earth orbit, escaping what Musk described as the energy constraints limiting AI development on Earth.
xAI provided the AI software stack, with Grok, the X platform, and the Colossus supercomputer infrastructure in Memphis with over 220,000 NVIDIA GPUs, while SpaceX provided the rockets, Starlink, and the capital base to fund it. The two companies needed each other. xAI was burning $2.5 billion in losses on $250 million in revenue. SpaceX was generating an estimated $8 billion in profit on $15 billion in revenue and needed an AI narrative to command the valuation it was targeting for its IPO.
What SpaceX has done, regardless of how the orbital AI vision ultimately plays out, is walk into a public market as something no company has been before: a rocket manufacturer, satellite internet provider, AI software company, social media platform, and supercomputer operator under one ticker. Whether that combination is worth $2 trillion depends entirely on which of those businesses you believe in most.