$F Up 11+%, Plans To Take On Tesla

Forbes Headline: Ford Stock Surges 11% As Company Aims To Challenge Tesla’s Electric Vehicle Dominance


• Ford’s stock rose 11.4% after the company said Tuesday that it plans to nearly double the annual production capacity of its upcoming electric F-150 Lightning pickup to 150,000 vehicles per year by mid-2023.

• This is already the second time the company has doubled production goals for the F-150, which will be released in the spring (up from an initial output of around 40,000 vehicles).

• The stock’s recent run up is a testament to massive investor interest in electric vehicles: Ford cited higher than expected consumer demand for its F-150 and plans to begin taking actual orders for the pickup on Thursday.

• The legacy automaker reiterated Tuesday that it is “committed to leading the electric vehicle revolution” and will invest more than $30 billion into the industry through 2025 as it looks to take on pioneers like Tesla.

• “Over the next two years, Ford aims to emerge as the clear No. 2 electric vehicle maker in North America and then challenge the No. 1 spot,” according to the company’s press release.

• Ford was the auto industry’s top stock last year, jumping roughly 140% and beating out larger rival General Motors and electric vehicle maker Tesla, which gained 41% and 50%, respectively.

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Added my Daily, Weekly, and Monthly charts for $F.


They have a shot at leading in electric pickup trucks. The rest will be a challenge. Autos, sedans, SUVs, box trucks and larger. I wouldn’t bet on it.