CA - Riding Out The EV Blues: Buy Ford Instead Of Tesla

2024-02-20 15:30:02 ET

Summary

• Electric vehicles face challenges, increasing competition, and consumer reticence which has caused a shift in market enthusiasm.
• The driverless electric vehicle future is facing obstacles, particularly in the development of fully autonomous vehicles. This benefits Ford Motor Company's effective but less ambitious technological solutions.
• Tesla, Inc.'s decline in margins and sole focus on EVs seems to be a decided disadvantage in a period of declining consumer enthusiasm for EVs.
• Ford's ability to tailor EV plans while still relying on highly profitable internal combustion models should be a major advantage in the coming quarters.

"If you're looking for the future of the automotive industry, stop looking at FSD and Tesla. Look at Ford Pro. It's got half a million subscribers with 50% gross margin." Ford CEO Jim Farley .

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