If you ask me, though, the most likely reason the stock is motoring ahead today is the news that just came out of Ford Motor Company (NYSE: F). Specifically, Ford's decision to raise prices on its F-150 Lightning electric pickup. As reported in The Wall Street Journal on Tuesday, Ford plans to reopen its F-150 Lightning electric truck for new orders this week, but will charge significantly higher prices on the vehicle in order to offset increased input costs caused by inflation.
Eddie Alterman, chief brand officer of Hearst Autos, has a new podcast called Car Show! Why autonomous cars feel further away today than they did in 2017. One way that Tesla (NASDAQ: TSLA) could become the new Standard Oil.
Automotive reporter Pras Subramanian outlines the pricing forecast for Ford's F-150 Lightning as reservations for the EV begin to reopen.