Home Business Jim Farley Celebrates Report Gross sales For Ford’s F-150 Lightning As Tesla’s Cybertruck Hits The Highway – Tesla (NASDAQ:TSLA), Ford Motor (NYSE:F)

Jim Farley Celebrates Report Gross sales For Ford’s F-150 Lightning As Tesla’s Cybertruck Hits The Highway – Tesla (NASDAQ:TSLA), Ford Motor (NYSE:F)

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Jim Farley Celebrates Report Gross sales For Ford’s F-150 Lightning As Tesla’s Cybertruck Hits The Highway – Tesla (NASDAQ:TSLA), Ford Motor (NYSE:F)

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Ford Motor Co F CEO Jim Farley on Friday mentioned that the corporate’s all-electric truck, the F-150 Lightning, marked report gross sales in November. The announcement comes a day after rival EV maker Tesla Inc TSLA began delivering its all-electric Cybertruck to prospects.

What Occurred: Ford delivered almost 4,400 Lightning vans in November, marking a rise of over 100% from final 12 months, the CEO mentioned. November marked the all time gross sales month for the car.

The announcement got here a day after rival Tesla began delivering its Cybertrucks to prospects by giving to a handful of customers. The chrome steel Cybertruck, impressed by films together with ‘Blade Runner’ and ‘The Spy Who Beloved Me,’ poses direct competitors to the Lightning in addition to Rivian’s R1T electrical truck.

The bottom-priced Cybertruck, nevertheless, begins at $60,990, whereas the mannequin 12 months 2023 Lightning’s lowest-priced Professional mannequin begins at $49,995. The very best-priced Lightning mannequin, the Platinum, can also be priced decrease than the high-end Cybertruck model known as the Cyberbeast.

2023 Ford F-150 Lightning Fashions Costs Cybertruck Fashions Costs
PRO $49,995 RWD $60,990
XLT $54,995 AWD $79,990
LARIAT $69,995 CYBERBEAST $99,990
PLATINUM $91,995
Value Comparability Between F-150 Lightning Fashions And Tesla Cybertruck Fashions

Why It Issues: Lightning’s November gross sales marks a bounce again for the car’s demand. F-150 Lightning gross sales dropped by almost 46% within the third quarter to three,503 items.

The rising numbers additionally trace that the Cybertruck won’t dampen the demand for the Lightning. Farley has beforehand dismissed the Cybertruck as “a cool high-end product parked in entrance of a resort.” Whereas the Cybertruck is for Silicon Valley folks, Ford makes vans for actual individuals who do actual work, the CEO had mentioned, setting its potential buyer base aside from the Cybertruck.

Try extra of Benzinga’s Future Of Mobility protection by following this hyperlink.

Learn Subsequent: Elon Musk Reacts To Video Of Tesla Bot Testing Cybertruck’s Bulletproof Physique: ‘We Might Make This Actual Subsequent Yr’

Photograph Courtesy: jluke On Shutterstock.com

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