Ford has a big problem and it looks like they may be on their way out of the EV business that Tesla CEO Elon Musk shared his thoughts on Ford in a recent interview and he shared more about his thoughts. Told the f-150 electric is actually a flop, Elon Musk is a business juggler.
Elon Musk dominates every industry he has entered, so there is competition with the decision not to take it lightly. Ford decided to go head-to-head with Elon Musk and Tesla, and they failed miserably. The United States has some of the most successful car companies, although their recent foray into the electric vehicle market is not doing well.
US states have fined American Motor Company more than $19 million and Ford is now facing a boycott.
The Ford F-150 Electric was considered a game changer. The electric car was believed to eventually give Tesla some competition. Ford Motors dismantled the legendary car at the manufacturer’s sale. Down 31 percent at the start of the year, the company’s first quarter as its F-Series pickup trucks grappled with chip shortages in March.
The company produced 159 328 vehicles under its Ford and Lincoln brands in the United States. With sales down 26 percent from a year ago, the EV business looks to be coming to an end.
The car manufacturing industry didn’t believe many, that Tesla could become a significant carmaker with an annual production rate of over 1 million vehicles, but that’s exactly what they did in the last fourth quarter, Tesla is now in mass production. is at its best.
Electric vehicles and established manufacturers are now trying to catch up, it seems so little, that a startup that was created less than 20 years ago can outdo a two century old one.
Shouldn’t this be the case with hundreds of billions of automakers, the electric car transition already declared a success by Marthe Logic is impressive with the transformation and regeneration facing major supply chain challenges based on such market share. .