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2022-02-04

Ford CEO Jim Farley Touts F-150 Lightning's Readiness To Rival Tesla Model Y

Ford Motor Co (NYSE: F) CEO Jim Farley said on Thursday the company's hotly-anticipated electric pickup truck F-150 Lightning has enough demand to match that of Tesla Inc’s (NASDAQ:

Ford CEO Jim Farley Touts F-150 Lightning's Readiness To Rival Tesla Model Y

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The full-size electric pickup is priced at $39,974 for the base model with a range of 230 miles for the standard range.</p><p>The automaker had last month said it will double electric vehicle production to 600,000 units by 2023 to meet high demand.</p><p><b>Q4 Earnings: </b>Ford reported adjusted earnings of 26 cents for the fourth quarter, significantly lower than the analyst of 45 cents a share. Automotive revenue was $35.3 billion during the quarter, below the estimate of $35.5 billion.</p><p>Ford said it expects global vehicle deliveries to increase by a range of 10% to 15% this year. It forecast pretax profit to rise 15% to 25% to a range of $11.5 billion to $12.5 billion in 2022.</p><p>The automaker said it expects to hit 8% pretax profit margin in 2022, a year ahead of schedule.</p><p><b>Why It Matters:</b> Tesla sold nearly a million electric vehicles globally in 2021. The Elon Musk-led company delivered and produced a total of 911,208 and 906,032 Model 3 and Model Y vehicles, respectively.</p><p>Tesla does not break down individual delivery or production volumes; the Model 3 is the most affordable electric vehicle in its lineup.</p><p><b>Price Action:</b> Ford shares closed 3.6% lower at $19.9 a share on Thursday and were down 4.2% after hours.</p></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ford CEO Jim Farley Touts F-150 Lightning's Readiness To Rival Tesla Model Y</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFord CEO Jim Farley Touts F-150 Lightning's Readiness To Rival Tesla Model Y\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-04 14:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/earnings/22/02/25414940/ford-ceo-jim-farley-touts-f-150-lightnings-readiness-to-rival-tesla-model-y-as-soon-as-production-r><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ford Motor Co  CEO Jim Farley said on Thursday the company's hotly-anticipated electric pickup truck F-150 Lightning has enough demand to match that of Tesla Inc’s  mid-size electric sports utility ...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/22/02/25414940/ford-ceo-jim-farley-touts-f-150-lightnings-readiness-to-rival-tesla-model-y-as-soon-as-production-r\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4550":"红杉资本持仓","BK4099":"汽车制造商","BK4527":"明星科技股","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","TSLA":"特斯拉","BK4534":"瑞士信贷持仓","F":"福特汽车"},"source_url":"https://www.benzinga.com/news/earnings/22/02/25414940/ford-ceo-jim-farley-touts-f-150-lightnings-readiness-to-rival-tesla-model-y-as-soon-as-production-r","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2208660319","content_text":"Ford Motor Co  CEO Jim Farley said on Thursday the company's hotly-anticipated electric pickup truck F-150 Lightning has enough demand to match that of Tesla Inc’s  mid-size electric sports utility vehicle Model Y.What Happened: Farley said that, based on the current demand, the legacy automaker could easily rival the Tesla vehicle if it had a full production available.“...if we had full production today to meet our current demand we would rival the Model Y as the leading BEV nameplate in the U.S. market,” Farley told investors in a post earnings call.Farley did not provide an individual breakup but said Ford has secured 275,000 reservations for the all-electric Mustang Mach-E SUVs, F-150 Lightning pickups and E-Transit commercial vehicles.The Dearborn, Michigan-based company's CEO said the automaker plans to take full advantage of the “first-mover position” in the fully electric pickup truck market, starting with Lightning.“We are well on our way to achieve at least a 40% mix of battery-electric vehicles by 2030 with strong margins and equal to our higher market share in the key high-profit high-volume segments we compete in.”Ford had in January said it plans to ramp up Lightning production to about 80,000 units for the 2023 model year and then to a run-rate of 150,000 units per year by mid-2023.Deliveries for the F-150 Lightning are scheduled to begin this spring. The full-size electric pickup is priced at $39,974 for the base model with a range of 230 miles for the standard range.The automaker had last month said it will double electric vehicle production to 600,000 units by 2023 to meet high demand.Q4 Earnings: Ford reported adjusted earnings of 26 cents for the fourth quarter, significantly lower than the analyst of 45 cents a share. Automotive revenue was $35.3 billion during the quarter, below the estimate of $35.5 billion.Ford said it expects global vehicle deliveries to increase by a range of 10% to 15% this year. It forecast pretax profit to rise 15% to 25% to a range of $11.5 billion to $12.5 billion in 2022.The automaker said it expects to hit 8% pretax profit margin in 2022, a year ahead of schedule.Why It Matters: Tesla sold nearly a million electric vehicles globally in 2021. The Elon Musk-led company delivered and produced a total of 911,208 and 906,032 Model 3 and Model Y vehicles, respectively.Tesla does not break down individual delivery or production volumes; the Model 3 is the most affordable electric vehicle in its lineup.Price Action: Ford shares closed 3.6% lower at $19.9 a share on Thursday and were down 4.2% after hours.","news_type":1},"isVote":1,"tweetType":1,"viewCount":772,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}