For the second time in two months, Ford (F) has hiked the price of its electric F-150 Lightning pickup. Although this time it’s just for the base Pro model, the price hike of around 11% sends the base model to $51,974, from $46,974 before any federal or state tax credits. In a statement, Ford said it was “adjusting the MSRP on the 2023 F-150 Lightning Pro due to ongoing supply chain constraints, rising material costs and other market factors.” Ford added that current retail order holders… Source link
Read More »‘The intriguing thing’ about Ford’s F-150 Lightning, according to a BofA analyst
Ford (F) recently began production of its highly anticipated F-150 Lightning electric pickup truck on Tuesday. The automaker announced that it has already secured 200,000 reservations for the Lightning from customers. Amid the hot demand for electric trucks, Bank of America (BAC) Head of U.S. Autos Research John Murphy says that many people who are buying electric pickup trucks are actually first-time truck buyers. “The really intriguing thing about what’s going on with the F-150 Lightning… Source link
Read More »Ford shares rise 12% after news of production increase for electric F-150 Lightning pickup
Ford (F) shares closed at their highest level in 21 years after the automaker announced it would nearly double production capacity to meet demand for its upcoming F-150 Lightning electric pickup truck. Ford’s stock gained 12% and was the No. 1 trending ticker on Yahoo Finance during the trading session on Tuesday. The Dearborn, Michigan, based company has surpassed GM (GM) and Rivian (RIVN) in market capitalization as it pushes further into the EV space. “It’s very exciting to announce… Source link
Read More »Ford Chief Futurist talks sustainability and the F-150 Lightning
Ford recently released its 2022 Looking Further with Ford (F) report, marking the 10th year the legacy automaker has surveyed global consumers to identify trends among key demographics. According to Ford Chief Futurist Sheryl Connelly, climate and environmental issues remain at the top of consumers’ minds. “So it’s really ‘climate, climate, climate,’” Connelly told Yahoo Finance Live. “We have been doing this report for a number of years, and what we found is that in recent years… Source link
Read More »Ford ramps up F-150 Lightning production to meet hot demand for the EV pickup
The Ford F-150 Lightning electric pickup hasn’t even gone on sale yet, but demand is so red hot that the automaker is already ramping up production. The first Lightning prototypes are rolling off an assembly line in Dearborn, Mich. for real-world testing, with the truck arriving in dealerships this spring. But with 150,000 reservations already in hand for its inaugural EV pickup truck, Ford (F) announced Thursday that it will invest an additional $250 million and add 450 more jobs at three… Source link
Read More »JP Morgan analyst rides Ford F-150 Lightning and is ‘blown away’ by the experience
TipRanks Billionaire Israel Englander Bets on These 2 Penny Stocks Let’s talk about risk, reward, and pennies. The three are related, of course. There’s no reward in the stock market without taking on some risk – and penny stocks offer investors an optimum combination of both. The ‘pennies’ are the lowest cost stocks on the public markets, typically priced below $5 per share. At such a low share price, even a small gain – a share price increase of mere pennies – can quickly… Source link
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