Other reports suggest that Ford $F doesn't have a bright tomorrow. Ford announced Monday that it will cut prices on all versions of its F-150 Lightning electric pickup truck, with the cheapest version coming in at $50,000, about $10,000 less than originally estimated. Additionally, I came across this chart yesterday that rates interest on car loans in the U.S. In simple terms,... Read more
Shares of $F have gone up since the beginning of June. Likely due to the deal with $TSLA to co-opt Tesla Superchargers. They don't strike me as relevant EV competition yet. How do you see it?
They've fallen far behind in electromobility. They are selling most electric models at a loss. I'm sure it will turn around, but it will take time. The competition is very strong.
Hyundai is next considering joining Tesla's North American Charging Standards Alliance $TSLA. My guess is that every EV manufacturer with any sense will end up in that alliance sooner or later.
Ford will switch to Tesla's plug-in hybrids, and by 2025, next-generation Ford vehicles will be able to use a very large network of superchargers. Current models will require the use of an adapter. So Ford won't have to build its own network.
I don't own Ford stock and probably don't plan to include it in my portfolio. However, I'll definitely be watching $F's results next week.