Jim Farley Says He Would Pick Ford's Gen-2 Electric Pickup Over Tesla's Cybertruck '7 Days Of The Week' Despite F-150 Lightning Crisis
Portfolio Pulse from Anan Ashraf
Ford Motor Co's CEO, Jim Farley, praised the company's second-generation electric pickup truck and criticized Tesla's upcoming Cybertruck. Ford's new truck, codenamed Project T3, is set to be built in 2025 at the company's EV and battery manufacturing campus in West Tennessee. However, Ford's EV division faces challenges, including a 46% drop in F-150 Lightning sales last quarter and a $1.3 billion loss before interest and taxes in the same period. Ford has also halted its $12 billion EV investment due to high costs and customer reluctance.
October 27, 2023 | 11:55 am
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NEUTRAL IMPACT
Ford's CEO's positive comments about the company's upcoming electric truck could boost investor confidence. However, the company's EV division is facing significant challenges, which could negatively impact the stock.
While the CEO's positive comments about the upcoming electric truck could boost investor confidence, the challenges faced by the company's EV division, including a significant drop in sales and losses, could negatively impact the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ford's CEO's criticism of Tesla's upcoming Cybertruck could potentially impact investor sentiment towards Tesla.
The criticism of Tesla's upcoming Cybertruck by Ford's CEO could potentially impact investor sentiment towards Tesla, potentially leading to a negative impact on the stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 20