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The latest News: $(Ford Motor Co)$ (NYSE:$(F)$) expects to triple the output of its all-electric Mustang Mach-E SUV to over 200,000 units per year by 2023 for North America and Europe, its Chief Executive Officer Jim Farley said in a tweet on Friday.

The highlight of the announcement as follow：

• Ford announced 3X increase in Mustang EV production due to demand.
• Expected production in NA/EU of mustang Mach E y 2023 is 200,000
• Total exp. EV production per year by 2023 is 600,000
• F150 lightning reservation system surpassed 200,000

I did notice Ford at the end of November，which the Ford price has increased over 40% since its latest financial report released two months ago. Ford's impressive 123% YTD gain is largely due to the company's EV upside.I did see tiger community friend sharing that Ford is competing with Tesla with good sales and strong background support.

Then I bought my share of Ford on December 3rd with one-fifth of my cash in the account, now I get a 10%+ rate of return. Looking for the future，I think Ford is still worth holding：

• The company sold a modest 21,703 units of its all-electric Mustang Mach-E through the first ten months of the year, according to Motor Intelligence. Ford has already overtaken $(General Motors)$ (NYSE:$(GM)$) in EV sales in the United States.

• Morgan Stanley forecast Ford's EV unit sales will reach 150K in FY22 to rep 3.5% of Ford's volume, 473K units in FY25 to rep 11.5% of volume, and 1.24M units by FY30 to represent 34% of volume.

• Further, Ford has already taken 200K reservations for its hotly anticipated F-150 Lightning pickup truck, and plans to start converting reservations to full orders in January 2022.

• The F-150 Lightning pickup truck is an all-electric version of Ford's best-selling passenger vehicle in the market, the F-150.

• Morgan Stanley values Ford's EV/AV and Mobility businesses at nearly $12 per share, which at the moment is roughly 100% of its lowly price target of $12.

• Meanwhile, Credit Suisse is more positive on the Detroit automaker with a price target of $20 on expectationsthat strong pricing and supply chain improvements in 2022 will work in its favor.

Cite Ford CEO James Farley's comment," the company will have to scale its EV capacity to compete with Elon Musk's Tesla Inc. (NASDAQ: $(TSLA)$). "

"You should expect us, as we go electric, ... to reinvent the brand," Farley said.

@TigerStar