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, superb,” Farley mentioned. “It is like a cool high-end product parked in entrance of a resort. However I do not make vehicles like that. I make vehicles 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 could be prepared by the tip of the yr.
Picture by FREDERIC J. BROWN/AFP by way of Getty Pictures
Telsa is keen to get into the EV truck market. Pickup vehicles have 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 can 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 worth. Some have compared the Cybertruck to GMC’s Hummer greater than a Ford pickup truck.
Ford to make use of Tesla charging stations
Regardless of Farley’s robust phrases about Tesla, the 2 firms just 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 in terms of advantaging my prospects.”
He added that Musk was amicable in the course of the negotiations. “Extra due to Henry Ford than Jim Farley.”