Monday, 17 July 2023

Ford slashes prices of F-150 Lightning trucks as EV price war heats up

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"… we upgrade YELP from Neutral to Buy, with a new PT of $47 (from $38) on the back of stable/rising local advertising trends, an analysis of the incremental margin opportunity and the potential for stable/increased shareholder returns in the years ahead," they commented.


The Detroit automaker, which had raised Lightning prices earlier this year, said it was able to cut prices on improvements in scale and battery raw material costs.

The move comes amid a price war started by Tesla a few months ago, which has seen the EVs of legacy automakers piling up at dealers, as sales slow. In the quarter through June, Ford's EV sales fell 2.8%.






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