The company also said it expects electric vehicles to make up 40% of its global sales by 2030.
Ford's new F-150 Lightning electric truck has already amassed over 40,000 reservations just two days after its launch.
Ford shares tanked as much as 8.5% in early Wednesday trading, setting the automaker’s market cap to less than one-fourth of Tesla’s soaring valuation. Ford announced quarterly earnings on Tuesday afternoon that fell below analyst estimates. The company also lowered its 2020 profit forecast. The legacy automaker is now worth […]
Tesla gained nearly 5% on Wednesday, bringing its market capitalisation to roughly $US89 billion at the end of trading. That’s about $US2 billion higher than the combined market values of Ford and General Motors at the same time. Earlier this week, Tesla officially became the highest-valued automaker of all time, […]