Ford Delivers Its First F-150 Lightning EV Ahead Of The Tesla Cybertruck

Ford Motor Company (NYSE: F) has made the first delivery of its electric pickup truck, the F-150 Lighting to a retail customer in Standish, Michigan. The owner, who was identified as Nicholas Schmidt, is not surprisingly already an electric vehicle enthusiast. He owns a Tesla Model 3, has a booking for the Tesla (NASDAQ: TSLA) Cybertruck, and also considered the Rivian R1T.

“When there were pickup trucks coming out that were going to be EVs, I said, ‘whichever one comes first, I’ll buy it,’” Schmidt told Bloomberg.

The Cybertruck, which debuted in November 2019 (with an exciting window-shattering finale), has reportedly received over 1 million reservations but its production has been delayed to 2023 due to chip shortages.

Ford, meanwhile, enjoyed a shorter period from debut to delivery, as the F-150 Lightning was only introduced last year. The Detroit automaker reports that the 2022 model has now completely sold out. They also initially said that it received over 2 million reservations.

The automaker is gearing up to go head to head with Tesla, with plans to invest about US$20 billion to push its EV division in the next few years. They reported in late April that they’ve also already started working on a second pickup truck. A truck that Ford CEO Jim Farley said would be different from the F-150 Lightning. 

The second EV truck, which likely will be a mid-size version after the full-size F-150, will be built at Ford’s new $5.6 billion BlueOval City manufacturing complex in Stanton, Tennessee.


Information for this briefing was found via Bloomberg, Twitter and the sources mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Altamira Gold Encounters Porphyritic Intrusive Rocks In Initial Scout Drilling At Regional Targets

Related News

Tesla Faces Growing Crisis Over Failing Self-Driving Computers and Safety Concerns

Tesla Inc. (NASDAQ: TSLA) is facing significant backlash as customers report hardware failures with its...

Wednesday, January 8, 2025, 04:39:00 PM

Elon Musk Drops Margin Loan Commitments, Looks To Finance Twitter Acquisition With Equity Financing

Tesla (Nasdaq: TSLA) CEO Elon Musk has finally dropped his plans to partly finance his...

Thursday, May 26, 2022, 10:03:00 AM

Elon Musk Loses It (And About US$12 Billion) As Tesla Gets Kicked Off S&P ESG Index

Tesla (NASDAQ: TSLA) shares fell 6.8% on Wednesday, making CEO, and also the world’s wealthiest...

Thursday, May 19, 2022, 03:03:00 PM

Teslagate: 100GB Tesla Files Leaked To Media By Disgruntled Ex-Employee, Showed Thousands Of Autopilot Complaints

Struggling with Autopilot, employees’ and customers’ private information, and trade secrets–these are some of the...

Friday, May 26, 2023, 11:29:00 AM

Tesla to Cut Battery Jobs at Shanghai Factory

According to insider sources, Tesla Inc. (Nasdaq: TSLA) is dropping the axe on some battery...

Saturday, July 8, 2023, 03:21:00 PM