The carmaker’s plan to accelerate production of its electric crossover and pickup have lifted its shares more than 20% in January.
by saying Ford would also boost its annual production target for the new F-150 Lightning pickup to 150,000 units from a previous 80,000-truck goal.
“The stock market’s attraction to the Ford EV story continues to take us by surprise,” Adam Jonas, an equity analyst at Morgan Stanley, said in a research note Thursday. “While there are many OEMs developing and commercializing a range of EVs today, Ford brought to market a product that consumers viewed as a truly viable competitor to the Tesla Model Y. Quickly following that, Ford is bringing to market the F-150 Lightning at a sub $40k price point right out of the gate.
Ford’s 12% stake in startup electric truckmaker Rivian also benefits the company, Jonas said. And though unlike either Rivian or Tesla, Ford didn’t design a completely new platform for the Lightning, modifying its existing F-150 design, “This decision has enabled Ford to move FASTER to market. Will it be the most capable EV pickup truck on the road? Maybe not . . .
The Lightning, unveiled in May 2021, starts with a base price of $39,974 and driving range of 230 miles per charge for a version aimed at commercial customers. Top-end models capable of going 300 miles per charge and more luxurious features will cost more than $90,000. Ford has said it has at least 200,000 reservations for the truck. Tesla CEO Elon Musk also promised that the Cybertruck would have a base price of $39,900 and a range of 250 miles per charge.
Tesla late last month removed a reference on its website to Cybertruck’s initial availability being in 2022,
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Ford’s Amped-Up Electric Vehicle Strategy Boosts Shares, Tops GM’s Market CapFord’s plans to accelerate production and sales of battery-powered crossovers and pickups are turbocharging the company’s shares this month
Lire la suite »
Ford’s Amped-Up Electric Vehicle Strategy Boosts Shares, Tops GM’s Market CapFord’s plans to accelerate production and sales of battery-powered crossovers and pickups are turbocharging the company’s shares this month
Lire la suite »
Ford crosses $100 billion in market value as it dives into EVsFord is now worth more than its century-old rival General Motors, whose market cap stands at about $88.61 billion and EV start-up Rivian Automotive, whose value is about $77.8 billion.
Lire la suite »
First Mover Asia: Bitcoin Erases Prior Days' Gains; Altcoins SlideBut the likely culprit of bitcoin's slide on Thursday was that it traded in tandem with tech stocks, with the Nasdaq 100 swooning on investor fears that the Federal Reserve will soon be raising interest rates. Liqquidity and JPRubin23 report
Lire la suite »
Elon Musk says Tesla is still working through 'a lot of challenges' with the Indian governmentElon Musk says Tesla is still working through 'a lot of challenges' with the Indian government as it looks to launch in the country
Lire la suite »
Fact checkers call out YouTube for not doing enough to combat fake newsA group of fact checkers calls out YouTube for allowing itself to be 'weaponized,' says the video platform has not done enough to combat fake news
Lire la suite »