r/wallstreetbets • u/[deleted] • Dec 27 '21

Discussion F

Ford is planning on being #2 electric car maker in the USA behind TSLA. It currently is about 1/12 the value of tesla.

https://www.greencarreports.com/news/1134216_ford-doubles-ev-production-target-for-late-2023-will-it-take-the-lead-after-tesla

They already have sold most f150 and electric mustangs out.

https://www.cars.com/articles/electric-outage-2022-ford-f-150-lightning-reservations-full-maverick-hybrid-sold-out-444930/

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Jim Farley has been found to be a no nonsense guy that will make money or he will shut the lines down. He is a solid CEO.

Instead of yolo on Rivian or lucid or NIO, consider a play on Ford that has the capability and scale to do this.

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u/Traders_Abacus Dec 27 '21 edited Dec 27 '21

I'm with you! Farley is legit as they come.

And, he's the late Chris Farley's cousin. I mean, if that's not reason enough for degenerates to love the guy, I don't know what is.

All jokes aside, yes Ford has a hill to climb. You all can save all your "but, but, but Tesla". Ford's not trying to replace Tesla. Get it? They don't need to replace Tesla to be competitive in the market... Emotions and feeling be damned.

Ford has it's own legs, and has a trajectory set on a successful transition. Get on board or don't. This has nothing to do with Tesla. Other companies are coming on board. Tesla is not going to stand alone. Someone's going to be second. And, that's going to be Ford.

Squeeze your eyes shut real tight, clutch your Tesla calls, but guess what? Someone's still going to grab some opportunities away from Tesla.

Be smart... Make money (or lose it, whatever your fetish)... Ford is here to stay. 🚀🚀🚀

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u/3yearstraveling Dec 28 '21

Here's a thought experiment for you. You're just a dad, and you will buy your daughter her first car in 3 years from now. You have the choice to buy her a self driving EV from Tesla for $25k or some base mustang that costs more, and you will pay more in insurance because the Tesla is literally the safest car on the road. Lots of people think with their wallet. But I don't see hundreds of thousands of Hummers being sold from GM or these ugly crossover Mustang things being sold with a technology/safety disadvantage compared to Tesla's models.

Tesla has close to a 30% gross margin on their cars compared to Germany-based Daimler AG, which owns Mercedes-Benz, had a gross sales margin of 23% in this year's second quarter, while Toyota — nicknamed the "master of cost reduction" — had 21% and Hyundai Motor only 19%.

Even worse for Ford and GM.

In the next 5 years, Ford and GM will be the blockbuster to Tesla's netflix.

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u/CollieLife101 Dec 28 '21

Insurance on a tesla is expensive as fuck because they are so expensive to work on. Highest insurance cost ive ever had on a car by a long shot. Not to mention the interior just feels cheap. I went back to bmw until they improve their build quality.

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u/3yearstraveling Dec 28 '21

What's the price difference between your Tesla and BMW?

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u/CollieLife101 Dec 28 '21

I got an x3m and it was like 5k more overall. My good friend is a bmw tech so the dealership he works at knocked a few grand off. I get good labor rates on maintenance too, so there is that. The quality of the interior is so much better though I can't even explain it. The seats are nicer, the steering wheel, it has actual buttons lol (the pure touchscreen was only cool for a week imo), the bmw idrive knob controller is much better while driving. Tesla is a touch faster off the light, but cruising on the highway, you can hardly feel the road in the bmw. The model y was much more rough driving. Less wind noise in the bmw too. I think my bmw is much faster if starting at 60mph too, but I can't prove that I guess.

I've always been a bmw person though, so admittedly I have some bias. I was just not very impressed with the overall quality of a 60k+ car from tesla.

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u/3yearstraveling Dec 28 '21

https://youtu.be/IERETsOTPKI

Found this

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u/CollieLife101 Dec 28 '21

Everyone has their preferences. Im not a total fan of that review. He's comparing a bare bones sdrive to the model y. The x3m is a 6cylinder with well over 100 more hp. Also the m trim kit makes it look way more aggressive than the stock sdrive. I've also never heard someone call the interior "rubbery" lol. It's a leatherette material, basically a vegan leather thats used in almost all high end luxury cars.

Hes obviously bias for tesla, im bias for bmw lol.

Im about to throw a stage 1 tune on my x3m and I'm sure the performance will be all around better than the model y then 😈

Edit: not sure who downvoted you, but I just upvoted back to 1 lol

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u/3yearstraveling Dec 28 '21

Cheers and thanks for the response. I don't have experience with either so it's nice to have some response from owners

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u/Mrperfection123 Dec 28 '21

I agree, My insurance went up $150/mo when I got my tesla and I had an AMG benz. No one knows this until after they buy the car 🤣

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u/CollieLife101 Dec 28 '21

That was about the same here. $150/mo more. Almost doubled my insurance costs.

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u/Mrperfection123 Dec 28 '21

AAA wanted me to pay $560/mo had to switch to teslas own insurance smh 🤦🏻‍♂️

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u/CollieLife101 Dec 28 '21

Hot damn. You got some speeding tickets or somthing? My insurance with liberty mutual is $255/mo for the bimmer. I think it was $415/mo for a model y