News / Uncategorized
Ford wants to go head-to-head with Tesla…
Ford wants to go head-to-head with Tesla…
August 21, 2023
Above, we can see that the F-150 Lightning looks just like an electric version of the hugely popular F-150. There is one key difference, though – the “frunk.”
the F-150 Lightning has a front trunk. Since there’s no internal combustion engine, cargo can be stored directly under the hood. The Lightning is Ford’s response to Tesla’s Cybertruck announcement from 2019. Clearly, that announcement lit a fire under Ford.And what I found particularly interesting is the fact that Ford is following the Tesla model almost to a T.
To start with, Ford is pricing the F-150 Lightning just under $40,000. That’s about where the Cybertruck is priced.The acceleration capability of each truck is also very similar. The range each truck gets is about the same. And Ford is even offering a premium model with extended range. That’s a page right out of Tesla’s playbook.
The Lightning will also utilize an over-the-air software upgrade system just like Tesla. And it has an iPad-like control panel in the middle of the dashboard as well. And get this – Ford is using the same preorder/deposit system that Tesla uses. The company is asking for a $100 refundable deposit to preorder the F-150 Lightning.
The only major difference with Ford’s approach is that it will offer the Lightning through its dealer network. By comparison, Tesla sells directly to consumers. This is a big win for the dealers, who were not at all happy about Tesla cutting them out of the loop. And the biggest difference, of course, is that the F-150 Lightning will not come equipped with self-driving technology… At least not yet.
So this competition between the F-150 Lightning and the Cybertruck is going to be fascinating. We are looking at a clash between a radically new and innovative design versus a classic tried-and-true design. Through 2020, the Ford F-150 was the best-selling vehicle in America for 43 straight years. Will Americans continue to make the F-150 their chosen pickup truck as we transition into the world of EVs? Or will they go with a radically new design that’s never been seen before?
Something that looks like it is out of a science fiction movie… We can keep our eye on preorders to get a feel for the answer. The Cybertruck hit one million preorders last week. Meanwhile, the F-150 Lightning has picked up 70,000 preorders right out of the gate. The race is on!
Share this article:
More in Uncategorized:
Ultra Clean Holdings (UCTT) July 25, 2024, Earnings Call Summary
Future Price Projections Participants: Rhonda Bennetto – Senior Vice President, Investor Relations Jim Scholhamer – Chief Executive Officer Sheri Savage...
Ford wants to go head-to-head with Tesla…
July 26, 2024
APPLE, MICROSOFT, NVIDIA PRICE TARGET 🎯
Short term, price targets for the top three S&P 500 holdings
Short term, price targets for the top three S&P 500 holdings The following are my price targets for the very...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 25, 2024
Nvidia's Stake in Serve Robotics: A Game-Changer for AI-Powered Delivery?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in Serve Robotics, a company specializing in autonomous sidewalk delivery robots. This revelation sent Serve's stock soaring an impressive 233% over two days. But what does this mean for the future of AI-powered delivery, and should investors jump on board?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 24, 2024
The Commercial Real Estate Crash
Its Ripple Effect on the Banking System and The Stock Market
The commercial real estate market is on the verge of a significant downturn, potentially mirroring the infamous 2008 financial crisis....
Ford wants to go head-to-head with Tesla…
July 23, 2024
The Democratization of Compute
A Paradigm Shift in Business and Investment Artificial Intelligence (AI) is undeniably transformative, poised to revolutionize the world as we...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
July 23, 2024
Are Google and Meta Heading for a Stock Price Slump?
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major players. Today, I want to discuss two tech giants that have long been darlings of Wall Street: Google and Meta. While they've enjoyed impressive growth and dominance in their respective fields, there are signs that their stock prices might face some headwinds in the near future.
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 23, 2024