Ford burns $1.2 billion of cash per week, according to RBC

As of April 9, 2020, Ford has $30 billion in cash.

RBC estimates that Ford burns $1.2 billion of cash per week.

CNBC , F stock price

Ford expects $34B in Q1 revenue with $600M loss compared to $40B Q1 2019

Stock is down 5% today after a big bump last week, but is this surprising to anyone in any sense?

GM is also down around 5% at its lowest today, which of course means TSLA is up 11%.

For the dividend memers it’s now sitting at 11.76%.