Ford GM Not Ruling Out Battery-Electric Replacement For Fiesta — Will It Be Up Against This Tesla Model?
Portfolio Pulse from Anan Ashraf
Ford Motor Co. is considering building a battery-electric replacement for its Fiesta model. If produced, it could compete with Tesla's rumored Model 2 economy EV. Ford's transition to EVs has seen a target of two million EV production by 2026, up from an expected 600,000 in 2023. However, Ford's Model E segment saw a 27% revenue drop in Q1 and is expected to report a loss this year.
July 15, 2023 | 10:43 am
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NEUTRAL IMPACT
Ford is considering an electric replacement for its Fiesta model, which could impact its transition to EVs and future revenues.
The news of a potential electric replacement for the Fiesta model could impact Ford's stock price. However, it's still uncertain as the decision hasn't been made yet. The company's transition to EVs and future revenues could be affected by this.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Tesla's rumored Model 2 economy EV could face competition from Ford's potential electric Fiesta.
The news could potentially impact Tesla's stock price as it indicates potential competition for its rumored Model 2 economy EV. However, both vehicles are still in the idea phase and are yet to be unveiled.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60