we will discuss the results with itay michaeli. this is bloomberg. ♪ jon: time now for our stock of the hour. we have been watching for, shares slumping. investor worries tight to the money-losing electric vehicle business, now projected to lose $4.5 billion this year. as for the overall production numbers, the goal to produce 600,000 ev's now getting pushed out to 2020 for -- 2024. matt: let's bring in citigroup global markets analyst itay michaeli. he joins us to talk about this lay. we should preface this by saying ford did much better than expected on the top and bottom of my -- bottom line as a whole. they will lose $4.5 billion on the ev line and we thought it was only three. why is that? itay: it was in the ford commercial and fleet but the big news was the setback in the model ev vision pair they widened the loss. . we have seen slowdown in u.s. ev adoption in the second order. with a part of that relates to slow regional dispersion of demand outside the strong coastal regions in the u.s.. some of the ford vehicles they swe