Ford CEO Jim Farley has a message for Elon Musk’s Tesla: Your fancy new Cybertruck would not maintain me up at evening.
Showing on CNBC’s Mad Cash from the Ford headquarters in Dearborn, Michigan,” Farley advised Jim Kramer that Musk’s upcoming Cybertruck would not steal prospects from the corporate’s F-150 Lightning electrical pickup truck.
“If he needs to design a Cybertruck for Silicon Valley folks, positive,” Farley stated. “It is like a cool high-end product parked in entrance of a resort. However I do not make vans like that. I make vans for actual individuals who do actual work.”
The discharge of the Cybertruck — Tesla’s first electrical truck — has been fraught with delays since Musk first introduced it in 2019. However in an earnings name final April, Musk assured traders that the EV can be prepared by the tip of the 12 months.
Photograph by FREDERIC J. BROWN/AFP through Getty Photos
Telsa is keen to get into the EV truck market. Pickup vans had been America’s top-selling automobiles in 2022, with Ford’s F-Sequence main the way in which. Nevertheless, Tesla dominates the EV market.
It is nonetheless unclear how related the Cybertruck and F-150 Lightning will likely be. In line with Enterprise Insider, the Cybertruck is estimated to promote for round $50,000, whereas the F-150 Lightning has a $60,000 sticker value. Some have compared the Cybertruck to GMC’s Hummer greater than a Ford pickup truck.
Associated: 3 Previous College Automakers Making Massive EV Strides
Ford to make use of Tesla charging stations
Regardless of Farley’s powerful phrases about Tesla, the 2 firms lately agreed to a partnership on charging stations. Ford drivers will be capable of use over 12,000 Tesla Superchargers throughout the U.S. and Canada someday in 2024.
Requested if that was a battle of curiosity, Farley responded, “I’ve no downside being opportunistic on the subject of advantaging my prospects.”
He added that Musk was amicable through the negotiations. “Extra due to Henry Ford than Jim Farley.”