Ford Motor Boosts Electric-Pickup Output; Had Better 2021 Than Tesla

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The Street

By Rob Lenihan Ford Motor says it aims to challenge the No. 1 electric-vehicle spot currently occupied by Tesla. Ford Motor (F) – Get Ford Motor Company Report shifted into high gear Tuesday, as the auto-making icon said it would nearly double production of its electric F-150 Lightning pickup at its Dearborn, Mich., facility to 150,000 vehicles a year “to meet soaring customer demand.” Shares of Ford Motor at last check were climbing 11% to $24.26. Ford shares more than doubled — up 140% — last year, surpassing both Tesla (TSLA) – Get Tesla Inc Report and General Motors (GM) – Get General Mo…

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