Ford posted $2.5 billion in net income for Q1, which looks strong until you read that a chunk of it came from expected refunds on tariffs the Supreme Court determined were unlawfully collected. The CFO pointed to trucks, large SUVs, and off-road trims as the core profit engines, and that is accurate. The problem is that gas prices are now approaching $4.50 nationally because of the Iran situation and historically that is exactly the environment where large SUV demand softens. Explorer and Expedition have been resilient so far according to Ford, but the company's own leadership says they are watching it daily. The employee pricing campaign that just launched is a good volume move in this window. Whether Q2 and Q3 hold up on the truck and large SUV mix that the margin story depends on is a genuinely open question right now, and anyone building a 2026 plan around continued large vehicle pricing power should have a contingency for what happens if gas stays where it is or goes higher.