🤑🛻🏭 Ford increased the price of the cheapest version of the F-150 Lighting by 9% to nearly $56K. In the continued path toward electrification, the company may also build a US battery plant with the Chinese firm CATL.
📈📉🤖 Musk sold another $3.6B in Tesla stock, roughly 22M shares. The company's 10 largest investors have lost a combined $132.5B since the Twitter takeover. Meanwhile, on the other side of the internet, critics call on Tesla to give people any reason to believe Autopilot will work well someday.
🚫🗓️🏷️ Cadillac says the $300K Celestiq is sold out for at least a year. Since its July release, the Lyriq, predecessor to the Celestiq, has appeared for sale by owner and received a nearly $10K price increase for 2024.
🪫🌎🚗 VinFast is still hyped about coming to America. Reviewers, however, say the brand cannot play the same game in the US that worked in Vietnam. The 180-mile range factored against the $55K price tag may not equal a particularly robust US market share.
😕↘️👩🎨 Toyota expects Prius sales to be pretty "meh" this year. Despite a redesign and aslew of performance upgrades, the company only expects 35K sales this year, down from nearly 240K at its height. Even if demand is higher than expected, the brand doubts they will reach the six-figure numbers of 2005-2017.