Ford to Halt F-150 Lightning Production as EV Demand Wanes

(bloomberg.com)

36 points | by melling 3 hours ago ago

88 comments

  • lenerdenator 2 hours ago

    A more expensive good, sold at a time when everything is more expensive and we continue to make equities the primary vessel for the surplus value generated by labor, instead of paying the labor, which would enable them to buy the more expensive good.

    • jahabrewer 2 hours ago

      And when you need to raise capital? Tough sell.

      • walrushunter 11 minutes ago

        What he's describing is communism. Since he won't actually control his business anymore, there won't be any need to raise capital.

    • SubiculumCode 2 hours ago

      Also, how about make smaller cheaper pickups. These giant pickups cost a small fortune. A small affordable pickup would do well on the market, including an electric one.

      • lenerdenator 2 hours ago

        They did that for a year with the Maverick.

        The refresh jacked up the price, because, well, they can.

        This is North America. With the exception of a few relatively small metro areas, if you live in the US or Canada, you must own a car in order to survive. They've got it; you need it. Pay up.

        There's also the impact of CAFE rules. "Let the market sort it out" types often point to these as perverse incentives ruining the profitability of small trucks, but they forget that the automakers lobbied for the light truck exemption.

        • red-iron-pine 22 minutes ago

          > The refresh jacked up the price, because, well, they can.

          Publicly traded company gonna behave like a publicly traded company.

    • StayTrue 2 hours ago

      Logic Henry Ford would recognize.

  • elzbardico 2 hours ago

    Outside our particular bubble EVs are not as popular as you might think they are by reading HN.

    I have an EV, but I also have a couple ICEs at home between me an my wife. The EV is great for urban use, taking kids to school and everywhere else, buying groceries, but for road trips, anything beyond a single charge roundtrip radius we use our ICEs.

    I will probably replace one of my ICEs with an hybrid, but not an EV, and probably when that time comes, I will sell both one of the ICE and the EV.

    Expensive insurance, the fear of a battery fire, expensive suspension repairs, premature tires replacement. Lots of negatives that very few people think about. And really, I don't like the agressive driving style the instant torque encourages me to adopt.

    • MrHamburger 15 minutes ago

      My biggest problem with BEVs is regression in charging (fueling) experience compared to ICE. Unless one is able to charge at home people are forced to use barely functional infrastructure dependent on sketchy applications and then wasting dozens of minutes (best case) to hours at a charger.

      Compare it to ICE - fueled in a minute and you can then pay by card or cash. No applications required.

  • bhouston 2 hours ago

    Is Tesla or BYD seeing waning demand or just Ford?

    Hmm... seems Tesla is flat over the last few years: https://www.reuters.com/graphics/TESLA-DELIVERIES/gkvlbmzmev...

    • WillPostForFood 2 hours ago

      Tesla is flat over the last few years

      You are looking at a chart that only has one full year on it. 2023 has good growth over 2022. 2024 may end up being flat, but every year prior has seen growth.

      https://www.statista.com/statistics/502208/tesla-quarterly-v...

    • modeless 2 hours ago

      The Model Y is the best-selling car in the world. The Cybertruck is outselling every non-Tesla EV including the Lightning (in the US, the only country where it is currently available).

    • danaris 2 hours ago

      Recent reports have shown that the EV sector, as a whole, would be growing if you took Tesla out of it.

      People are abandoning Tesla in droves, presumably due to the spectacle its owner is making of himself publicly.

    • valianteffort 2 hours ago

      Tesla just had a phenomenal quarter so no, this is just the mediocre overpriced EV's being sold at a loss by legacy auto.

      • gorpy7 an hour ago

        The number of cars didn’t go up dramatically but the margins on each car improved. It makes for a healthier company that can go out and do other things like make little buses.

      • ryandvm 2 hours ago

        Funny how two people can look at the same chart and see exactly what they want.

        One person sees a roughly flat multi-year sales chart (true) and another sees significant growth in the last quarter (true) and somehow they arrive at opposite conclusions.

        • bobthepanda 2 hours ago

          people generally don't look at quarter-to-quarter growth because there can be wild swings explained by seasonality (e.g. the major holiday shopping season in Q4)

      • kibwen 2 hours ago

        Compared to BYD, Tesla is "legacy auto".

        • indemnity 2 hours ago

          I agree from a long term prospect point of view.

          They are so vertically integrated, control much of their supply chain, and are not hamstrung by an increasingly erratic and irrational CEO.

          Test drove both Model 3 Performance and BYD Seal Performance both before settling on a Tesla, it was close. Price wise about 20% cheaper (I am in a country that does not put tariffs on BYD).

          But currently, the BYD software is….. not great, comparatively. The cars are decently made though, and look pretty good. Drive ok, but M3P is a much sharper drive.

          Another vehicle generation of improvement though, Tesla would need to watch their backs.

  • phil21 2 hours ago

    I really liked the idea behind the Lightning - finally an EV that can be used as a whole-home battery backup. I've been looking for a semi-off-grid property (at least ability to disconnect from the grid and survive without noticing should there be an extended grid outage) and the Lightning announcement was exciting until you learned the specifics of it all.

    Good idea, but the execution needed to be better. I hope more EVs come along that incorporate the whole "battery backup on wheels" idea that can integrate into a solar power setup easily and efficiently. Ideally have some static batteries installed at the property, and when the vehicle is plugged in it simply augments that battery storage to extend runtime.

    Of course I assume the addressable market for folks like me is in the dozens, so I understand as an actual truck it more or less failed after talking to a few Truck Guys.

    • cpwright 2 hours ago

      I don't actually care about battery backup for my house. I have an $800 generator for that which is not tied to my truck being parked in front of the house.

      I do want my pickup truck to be a good pickup truck, and the impression I get is that the Lightning is really an F150 and does a good job at that.

      I ordered my ICE F150 in late 2022 (delivered in 2023), so don't plan to buy a new truck for another 7-9 years.

      When I was ordering, the Lightnings were just not available. Even if they were, however, you can only get the Lightning in the crew cab short bed configuration with a 145" wheel base.

      I wanted a 6.5' bed, so the Lightning doesn't offer that. For a classic F150, you can get 2 wheel base options with 3 different cab/bed combinations.

      The frunk with lockable storage is actually a really attractive feature though in terms of carrying tools or other things you want secure and out of the weather.

    • soco an hour ago

      I don't think anybody really needs to move around town their home battery backup weighing 4 tons... I mean, if storage is needed, I think getting static batteries should cost nowadays only a third of the price of a car, so while putting some energy in the car might be convenient, it cannot be the main solution to the home energy storage needs. (edited for typos)

    • rjsw 2 hours ago

      Maybe Ford need to sell a cut-down version with a smaller battery alongside it. I thought the idea of powering work tools from the Lightning was good but I guess it may not match how people work.

      I like the look of the upcoming Ford e-Transit Courier but it will be a lot more expensive than the ICE versions.

    • Scene_Cast2 2 hours ago

      I was looking into the EV F150 for the same reason, albeit not very deeply. What were the issues you saw?

      • phil21 2 hours ago

        Cost by the time it came out for actual purchase was the first one. When it was announced the cost (as I recall it) seemed quite reasonable for the capabilities.

        Then the inverter size was severely undersized with no real ability to power a full sized home without making large sacrifices. Around 9kw if I recall correctly, which means (for me at least) no running A/C and a large electric appliance at the same time like a dryer.

        Then it required using Sunrun as the only system integrator - plus all their equipment. I guess this is to be expected, but I'd like to design my own system.

        I'm in the same boat as you though - I never looked into beyond surface level since I have enough random projects to think about as it is, and no property yet to turn any research into a practical system.

  • bee_rider 2 hours ago

    I wonder what went wrong there. The F-150 is objectively a very popular truck, right? So I’d expect the electric version to be very popular as well.

    I’d love an electric truck, but I wouldn’t want one of these awful giant things with huge cabs and a tiny little bed. However, I don’t think this is the reason, my taste is apparently not very representative. I miss my grandpa’s truck though, single cab, bench seat, loads of garbage in the bed, let’s go to the dump. Simpler times.

    • Loughla 2 hours ago

      It's obscenely expensive. That's the reason. The body style is wildly popular and the torque it produces would be a god send.

      But they CRAZY expensive.

      • greener_grass 2 hours ago

        Why is it so expensive?

        Is it cost of production being passed on or did the marketing department decide to do some "prestige" pricing?

      • axus 2 hours ago

        What I learned in ECON 101 is that in a competitive market, price decrease to the level the market will bear. Isn't this the "cheaper" alternative to the Cyber-truck?

        A quick search said a new one would cost $80k delivered, how much can the price decrease before Ford is losing money?

        • Loughla 2 hours ago

          80k delivered is the theoretical base model. To actually buy one, you're well over 100k.

          I can buy a new gasoline f150 for 40k at most with many bells and whistles. Not the top of the line by any means, but a really well equipped truck.

          They're competing with themselves, in a way.

          The people who would buy a Tesla are not the people who would buy a Ford.

          • stvltvs 3 minutes ago

            I would love an EV light truck, but not at that price difference.

        • lifeisgood99 2 hours ago

          The maximum price the buyers would pay is lower than the minimum price the sellers would sell for. There's no market anymore.

    • kulahan 2 hours ago

      To clarify on other peoples' comments, the cheapest form of the F-150, which is particularly affordable for an electric truck, was very difficult to get ahold of. Additionally, demand for electric vehicles in the US is significantly weaker than manufacturers had hoped.

      As someone living in a condo, I am 0% surprised. If you don't have a fully-enclosed garage, I'd be surprised if there was a simple solution for charging, and the idea of sitting at a station for 45 minutes twice a week sounds... miserable at best. Even if you disagree with me on these points, I doubt my point of view is particularly rare.

      • dbcurtis 2 hours ago

        As an F150 owner, I can largely agree. It certainly is crazy expensive. But if you look at the missions people have for trucks, hauling, towing, road trips with significant cargo, the charging factor just gets ugly. How is that battery life while towing your boat to the lake? How many charging stations are there near the boat ramp so that you can get home again? ??

        Now, for the contractor bopping around town, charging is much less of an issue, and being able to power all of your tools 1/2 mile from the nearest power pole is very useful. But the Lightening was not priced at the “tradesman” trim level.

        • cptskippy 2 hours ago

          > But the Lightening was not priced at the “tradesman” trim level.

          It's a luxury vehicle that the wealthy purchase when they want to role play. It's trim levels are the higher end. It's bed length is the smallest.

          It isn't a work truck, it's a costume accessory.

          • alexose 5 minutes ago

            A good work truck is one you don't mind getting scratched and dented. Hard to replicate that with any brand new vehicle, especially one with a $60k starting price.

            That said, I think the Lightning serves certain roles really well. They're great for the forest service, for municipalities, utilities, etc. If they were actually cheaper than the ICE version I think they'd gain a lot of adoption for those kinds of fleets.

            Since they're quite a bit more expensive, though, buyers have to make the case that they're worth it. Pretty tough proposition unless you're trying to sneak under an emissions budget.

    • rdtsc 2 hours ago

      From the pragmatic perspective, either fuel has to be a lot more expensive, or the truck should be like 50% cheaper. Intuitively, the proposition is "it's just batteries and a motor, no complicated pistons, injectors etc...". Yet it's super-expensive.

      Then maybe marketing? At least from my limited perspective, the people who would buy F-150 are not exactly the ones to want to sit and wait next to small electric cars to charge for half an hour at charging station. That's why perhaps a cybertruck works, it doesn't look like a "truck" and doesn't appeal to the same crowd. It's a whole new thing. It seems "cool" while this one seems "lame". The Ford marketing department should have sniffed that out better than a rando HN poster at least.

    • aliasxneo 2 hours ago

      A brief perusing of the Ford website, the non-electric F-150 starts at $38,710, whereas the electric version starts at $62,995. I suspect most people can't afford the 50% premium. The price for the non-electric version is already eye-wateringly expensive for my personal income.

      • Izikiel43 an hour ago

        Any car over 40k$ is overpriced imo. Even over 30k$ is a luxury, most cars and small suvs have sub 30k$ option

    • Casteil 2 hours ago

      They said it'd be $40k. They currently 'start at' $63k - assuming you can even get those basic models now.

    • pryelluw 2 hours ago

      Price and range. IMO EV trucks need at least a 500 mile range unloaded and no less than 250 mile range when towing at max capacity at highway speeds. Yes, ridiculously high requirements but they won’t compete with a gas engine version (much less a diesel one) otherwise.

    • digi59404 2 hours ago

      A lot of folks here are saying price. They’re not necessarily wrong, list price IS an issue. However Ford dealers have implemented huge incentives to sell them. Leasing and Financing, one dealer offered me 20k off MSRP to buy one.

      I would actually argue price isn’t the issue but is an easy low hanging fruit we can blame.

      When people buy trucks they do so for security mentally and otherwise. Americans buy trucks to be able to haul around something once a year, to have enough room for the family, to tow things, to go on long road trips, to go over landing, to have the ability to go off-road as needed.

      Much of America is rural and has dirt roads or other light infrastructure. During storms trees fall on roads and have to be moved or gone around. I lived 10 minutes from an urban center and my house had one road to/from. Once every 6 months a tree would fall on the road and block access.

      Tl;dr people buy trucks for peace of mind, their capability, and rare events that can affect them. Because vehicles are such a huge purchase they buy more incase they need it.

      The lightning is neither capable nor offers peace of mind due to its limitations in range, towing, and charging station availability.

      • annoyingnoob 2 hours ago

        I bought a used F-150 Lightning with 1000 miles on it. I paid $21k under the sticker price. It was still expensive. I have no range concerns but I'm mostly in the city.

    • slashdave 2 hours ago

      > I wonder what went wrong there.

      Price

    • lemoncucumber 2 hours ago

      I think of demand for EVs as being a little stronger among liberals and demand for trucks as being a little stronger among conservatives, so perhaps the venn diagram intersection takes a (small) hit from that.

      • 7thaccount 2 hours ago

        This. Everyone in the South drives a truck, and most of those people have lumped "EV" in with "big city liberal". Cost is the other big factor and maybe range anxiety.

        I think this is Elon's big problem. He already has all the liberal geeks interested in that tech, but has to expand and is thus trying to endear himself to the conservative crowd hoping the backlash in his main customer base isn't too bad. It's not working. The cyber truck is not only expensive and extremely poorly made, but it's also far too radical for most of that crowd.

        • kjellsbells 24 minutes ago

          Given that cars are such a large investment and that virtually the entire addressable market already has one, the bar to buying an EV is incredibly high: "can it do everything my old vehicle does?"

          The answer today fpr truck buyers is no, no matter how you slice it. I think Toyota played their hand perfectly with the hybrid Prius, keeping it familiar enough to regular cars that the sole element of comparison came down to something they could win at (gas mileage). EV trucks get dinged on a dozen other points of comparison where they lose, eg towing, refueling time, etc.

          I'd be really curious to know if a major truck maker has a hybrid truck in development, eg a hybrid Toyota Tacoma/HiLux. That would be very interesting indeed. If nothing else it would seed the consumers' brains with real data on how they actually drive, which could influence their buying behavior for the next truck.

    • annoyingnoob 2 hours ago

      Three things: 1. It is a very expensive vehicle. 2. Towing reduces the range substantially. 3. Charging infrastructure needs to be more reliable and we need much more of it. There are times when you won't charge at home.

      I have the F-150 Lightning and I love it. I think I could love a smaller truck, maybe between the Maverick and the modern Ranger. The F-150 is huge.

  • Maarten88 2 hours ago

    Disruption at work. Ford can't make money on selling EV's, their overall margin suffers with every EV they sell. They have large existing investments in factories, processes and people that produce combustion engines. They can't lower prices and sell enough of them for economies of scale to start working.

    Tesla is the new Ford. Ford (and most other car manufacturers) will have a difficult time, most manufacturers are probably doomed. After the current hesitation phase, when the economics are there (very soon), customers will almost all go electric.

    • s1artibartfast an hour ago

      If the marginally produced EVs are profitable, then total profit trumps average margin.

      It seems like the bigger concern is that the trucks simply arent selling

      • hollerith an hour ago

        What investors (and their "agents" CEOs) want is ROI, which depends on not only total profit, but also total amount invested and how long it has to stay invested. Hence the relevance when GP says that "They have large existing investments in factories, processes and people that produce combustion engines".

        • s1artibartfast 3 minutes ago

          That's not how stocks work.

          Margin is profit over total revenue, not profit over Capital invested

          When someone buys stock on the market, they are giving money to another trader. They are not giving money to the company to invest in production capacity.

          Shareholder profit tracks net corporate profit, not profit margin. It's better to hold a stock that makes a 1% margin on a billion dollars revenue, then one that has a 90% margin on $10 of revenue

  • neves 2 hours ago

    Is Ford dying?

    They went away from Brazil because their cars weren't competitive. Even in GeoGuessr if I see a Ford I know that I'm in USA, because is the only place where they are used. I do not follow the auto market, but I never hear news about this iconic brand.

    • silisili 2 hours ago

      Far from it - the F150 has been the best selling vehicle for over 40 years, and they do nearly 200b in revenue.

      I think they just quit competing on price and volume - they've gutted their entire car lineup except for the Mustang, for example. In my own shopping, I found that Ford was considerably more expensive than the alternatives. Even the much advertised Maverick is creeping into the 30ks. Maybe it's worth it, I sure wasn't going to find out...but they do sell a -lot- of trucks.

    • kulahan 2 hours ago

      Sort of, but the popularity of the F-150 and Mustang could prop up quite a large company. There's a reason they stopped selling sedans even in the US, though.

  • phren0logy 2 hours ago

    Waning demand might be one factor, but the word on the street about the F-150 Lighthing has been generally pretty negative (justified or not, I don't know). So softening of the EV market may not be the whole story.

    • blairbeckwith 2 hours ago

      Has it been? I own one, did a bunch of research before I bought one, know others who own them, and the positive stories massively outnumber the negative ones from my perspective.

    • schlauerfox 2 hours ago

      It's bad for one's career as an executive to accept any responsiblity. It's always the market to blame. See the 3 envelopes joke.

  • voisin an hour ago

    I have hope the Ramcharger will be popular - small gas engine that charges a battery which runs the drivetrain, so effectively zero range anxiety but efficiency and speed of an EV.

    • quantified an hour ago

      The gas-electric model such as has been developed by Chinese manufacturers and licensed to Toyota (I believe) that let you get many hundreds of miles on a single tank of gas) seems relatively compelling. For cars, anyway. Putting that into a diesel work truck seems like re-inventing the locomotive, with a massive battery pack.

  • bcx 2 hours ago
  • gjsman-1000 2 hours ago

    I still don't understand why people would think EVs would succeed as quickly in America, as they are in Europe and China.

    France is a little smaller than Texas. If you live in France, how often are you driving to Portugal, Belgium, or Germany? Not often. The maximum amount of range you will ever drive is quite constrained.

    How often do Americans go on road trips from Minnesota to California, or from California to New York, or from Minnesota to Mexico, or from Montana to Florida? All the time, by comparison. Some will do it multiple times per year. People buy cars with the maximum in mind, not the average.

    • mmooss 2 hours ago

      > How often do Americans go on road trips from Minnesota to California, or from California to New York?

      Very rarely, IMHO. I'm not sure who you know. I don't think I know anyone who buys cars with trips anything like that in mind.

      Europe is effectively borderless for its residents - no passports, border guards, etc. - and people cross into different countries all the time.

      • barrkel 44 minutes ago

        I agree that it's not realistic to expect cross-continent trips to be common, but I think there is a real difference in the west of the USA vs most of Europe, where things are more spread out and driving everywhere is the expectation such that it affects how cities and suburbs spread out, while Europe grew mostly before the automobile, and towns and cities are closer together and more compact.

        Yes people cross borders in Europe, but mostly when they live in a border area. People aren't making 300km trips to cross a border very often, but 50km, sure.

      • nsxwolf 2 hours ago

        Those are long hauls, but in Illinois it’s pretty common to drive to places like Nashville or Atlanta. We drive to Orlando so that we don’t have to deal with flying. That’s a long one but not bad. An EV would add a lot of time and risk.

        • modeless 2 hours ago

          You drive 30+ hours round trip to avoid 6 hours of flying? Sure, add on a bunch of hours to get to and through the airports, it's still not close.

          • gjsman-1000 2 hours ago

            > You drive 30+ hours round trip to avoid 6 hours of flying?

            Lots of people do. If you are making $60K a year (the median in the US - half of employed people make less), and you have 3 children and live in California, what's your plan to visit relatives in, say, Nebraska? Buy 10 plane tickets? Driving the 2,600 miles both ways, at 25 MPG, will cost you "only" $320 round trip.

            • modeless 2 hours ago

              I understand the cost issue for a large family, but he said "so that we don’t have to deal with flying", not "it's too expensive".

              Also, SFO to JFK is as low as $640 round trip for a family of 5 on the right days, and $760 in gas at 25 MPG and $3.30/gal. Plus you're going to need several nights of lodging unless you want to spend 40 straight hours in a car packed with kids.

              I see you edited your comment to change the destination to Nebraska to make your numbers look better. Round trip SFO to Omaha for a family of 5 can be had for $655 according to Google Flights, vs. $440 in gas at 25 MPG and $3.30/gal, but again you'll need at least two nights of lodging for the whole family, and on a trip that long you should also account for part of an oil change and tire change and other car maintenance expenses.

              • mckn1ght 28 minutes ago

                Not to mention the cost of your time, which should factor highly for well paid people that can afford to fly anyways, and if you are low paid, it’s likely your vacation time is scarce, so you wouldn’t want to use it all in the transport.

                The comparison just makes no sense to me. I take road trips because I love road trips, not because I think the economics are somehow better than flying.

      • GiorgioG 2 hours ago

        It's just one more thing I have to consider. Even if I only take 3-4 500 mile trips per year, I don't EVER have to think, well jeez we'll need to stop 3 times for 30-45 minutes in specific places to charge up. We might also have to wait in line if it's a busy weekend/holiday. When I can easily do 450 miles on 1 charge and the price of the vehicle is comparable, then it's at least worth considering. The closest thing to that right now in the F-150's class is the Chevrolet Silverado RST. But it's "only" $93,000. Thanks, I'll keep my gasoline F-150 for now.

        • s1artibartfast an hour ago

          This is a big factor. The whole reason I have a truck is so I can get away for the weekend maybe once a month.

          Adding 2-3 recharge stops is a deal breaker for a weekend warrior. Nobody wants to spend an hour charging stop before they get to a campground or when they heading home to get ready for work on Monday.

      • s1artibartfast an hour ago

        I think road trips are a critical consideration for a subset of consumers- especially those in the market for a non-work truck.

        Road trips make up a tiny fraction of the miles/hours on my truck, but they are the primary reason why I have a truck at all instead of a Prius or something.

      • 2 hours ago
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      • gjsman-1000 2 hours ago

        https://www.bts.gov/statistical-products/surveys/national-ho...

        According to the US Government, more than 32 million trips every year exceed 1,000 miles - and that's only during the "16-week period between Memorial Day weekend and Labor Day." 37 percent of those trips are by vehicle; so about 12 million 1000+ mile trips by car during those 16 weeks alone. That's not small.

    • phil21 2 hours ago

      > How often do Americans go on road trips from Minnesota to California, or from California to New York, or from Minnesota to Mexico, or from Montana to Florida?

      Rarely. Certainly not multiple times a year on average.

      Perhaps the demographic buying F150 sized trucks is different, but it's definitely not the norm to be making multi-day long road trips multiple times per year. Most folks don't even have that much vacation time to burn - and if they do - they likely are working office style jobs where flights are going to be an affordable expense.

      It would be interesting to see stats on this though. I do agree people tend to buy for the maximum not the average. But I've found people - at least in my circle - grossly overestimate how common the maximum is.

      Midwest to Midwest road trips are common. Midwest to the coasts tend to be rare, but that's all anecdote we can fight about. Once you get beyond about 16 hours I think the curve starts to flatten quite a bit.

    • tzs 2 hours ago

      60% of US households have more than one car, compared to only 30% in France. I'd expect that to help with EV adoption in the US. Get one car with long range and good cargo and/or towing capacity for roadtrips and for when you have a lot to move locally and get an EV for most of your daily driving.

      • gjsman-1000 2 hours ago

        The second car in the US though is disproportionately likely to be a beater; or much older vehicle. Combine that with that American vehicles have an average age of 12.5 years compared to 10.5 in France; and the picture is more like Americans keep their old cars around instead of selling/disposing of them.

        That does not mean they will buy an EV and feel confident in relying on that second vehicle for long distance. If it's anything like the families I know, the beater's only job is to fill up short distance trips, to avoid wear on the newer car, until the day it "runs into the ground."

    • bigbacaloa 2 hours ago

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  • ktosobcy 2 hours ago

    And I was thinking that they would stop making this monstrosity altogether... could they at the very least limit the sales to the USA?

  • josefritzishere 2 hours ago

    Elon Musk is single-handedly tanking the EV market with his over-promising and under-delivering.

    • mynameisash 2 hours ago

      Ford has also done a decent job of over-promising. I put a deposit on the Lightning the morning after their announcement. They originally priced it at $40k[0], and now their base model starts at $63k[1]. When the opportunity finally came up for me to buy one, the two lower trim levels were unavailable, and the best I could get was something like $75k, which was a hard pass for me.

      [0] https://www.theverge.com/2021/5/19/22442777/ford-f-150-light...

      [1] https://www.ford.com/trucks/f150/f150-lightning/models/

    • chrisstanchak 2 hours ago

      Record sales, lowest costs and greatest profits of any maker. Yes, he's tanking the non-Tesla portion of the EV market.

      • tzs 2 hours ago

        By "lowest costs" do you mean cheapest to make or do you mean lowest price to the consumer?

  • oldpersonintx 2 hours ago

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