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

**URL:** <https://discussion.fool.com/t/f-up-11-plans-to-take-on-tesla/57831>\
**Category:** Destiny Solutions Corporation\
**Created:** [January 4, 2022, 4:01pm UTC](https://discussion.fool.com/t/f-up-11-plans-to-take-on-tesla/57831 "2022-01-04T16:01:22Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![Cat9MixCloud](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/cat9mixcloud/32/39218_2.png) [@Cat9MixCloud](https://discussion.fool.com/u/Cat9MixCloud)\
**Post date:** [January 4, 2022, 4:01pm UTC](https://discussion.fool.com/t/f-up-11-plans-to-take-on-tesla/57831/1 "2022-01-04T16:01:22Z")

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

[https://archive.fo/1Sb0P](https://archive.fo/1Sb0P)

• 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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**Author:** ![Cat9MixCloud](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/cat9mixcloud/32/39218_2.png) [@Cat9MixCloud](https://discussion.fool.com/u/Cat9MixCloud)\
**Post date:** [January 4, 2022, 4:18pm UTC](https://discussion.fool.com/t/f-up-11-plans-to-take-on-tesla/57831/2 "2022-01-04T16:18:15Z")

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

[https://twitter.com/peregreine/status/1478475686536957953](https://twitter.com/peregreine/status/1478475686536957953)

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**Author:** ![pauleckler](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/pauleckler/32/2906_2.png) [@pauleckler](https://discussion.fool.com/u/pauleckler)\
**Post date:** [January 4, 2022, 10:46pm UTC](https://discussion.fool.com/t/f-up-11-plans-to-take-on-tesla/57831/3 "2022-01-04T22:46:04Z")

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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.