Ford taking F-150 Lightning Orders
The Ford Motor Company (F) is taking F-150 Lightning Orders. You can now order four models of the electric pickup from shop.ford.com.
It appears Ford has resolved its Lightning production problems. Ford (F) shut down F-150 Lightning production in February because of a “potential battery issue,” Car and Driver reports. Ford’s Rouge Electric Vehicle Center resumed Lightning production in Dearborn, Michigan, on 2 March 2023.
Buyers can order four F-150 Lightning models through shop.ford.com. Those models are the Pro, XLT, Lightning, Lariat and Platinum.
Ford is selling four F-150 Lightning Models
The cheapest F-150 Lightning, the $59,974 Pro base model was sold out for the 2023 Model Year at 10:30 a.m. Eastern on 9 May 2023. Conversely, the more expensive XLT, Lariat, and Platinum were still available on 9 May 2023.
An F-150 Lightning Pro features dual electric motors, an optional Ford Co-Pilot 360 2.0 driver assist technologies, a carrying capacity of up to 400 pounds, 2.4 kilowatts of onboard power, and an EPA-estimated 230-miles of range. Ford Co-Pilot 360 2.0 features Blue Cruise (advanced cruise control) which powers hands-free driving, stop-and-go, lane centering, and speed monitoring by a driver facing camera.
The $64,474 XLT F-150 Lightning Pro features a Gray Iron Satin Metallic Grill, Signature Front Lightning, a 360-degree camera, extended running boards, cloth seating, an interior work surface, and everything on the Pro. XLT Options include a 9.6 kilowatt pro power onboard assistance and Ford Co-Pilot 360 2.0.
In contrast, the $76,974 Ford F-150 Lightning LARIAT features a Premium Geometric Gray-Iron Satin Grill, 20-Inch Dark Carbonized Gray Wheels, leather-trimmed heated and ventilated front seats, a powered tailgate, Ford’s up-datable SYNC 4A software package, a 15.5 inch touchscreen for the computer system, a leather-wrapped and heated steering wheel, and a twin-panel moon roof Options include an extended range battery and Ford-Co Pilot 360 Active 2.0.
Finally, the $98,074 Ford F-150 Lightning Platinum features a Vader black tinted-chrome grill, 22-inch bright machined aluminum wheels, heated and ventilated Nirvana leather seating surfaces, multi-contour front seats with Active Motion, an extended range batter, a B&O Unleashed Sound System by Bang & Olufsen, and Ford Co-Pilot 360 Active 2.0 as standard features.
Ford (F) is Winning the Electric Pickup Wars
If the claims at Shop.Ford.Com are true. I think Ford (F) is winning the electric pickup wars.
However, Ford (NYSE: F) only delivered 4,291 F-150 Lightnings in North America in the first quarter of 2023, Ford Authority estimates. In contrast, Ford delivered 170,377 F-Series pickups in the first quarter of 2023.
Conversely, Tesla (TESLA) claims to have produced 440,808 electric vehicles and delivered 422,875 electric vehicles in the first quarter of 2023. Notably, none of the Tesla deliveries was a pickup truck. The infamous Tesla Cybertruck is still on Elon Musk’s drawing board.
If Ford can get F-150 Lightning production up to regular F-150 levels, I think it will win the pickup wars. I think Ford will win because the F-150 appears to be a vehicle actual human beings will want to drive. I cannot imagine anybody besides a Cyberman wanting to drive a Cybertruck. I still predict low Cybertruck sales will force Elon to bring out a traditional pickup truck.
Is Ford (F) Making Money?
I think Ford (F) will make money from electric trucks because it generates enormous profits.
For example, Ford reported a quarterly gross profit of $6.805 billion on 31 March 2023. Ford’s quarterly gross profit grew from $6.183 billion on 31 December 2022 and $5.44 billion on 31 March 2022. Similarly, Ford reported a quarterly operating income of $2.113 billion on 31 March 2023. The quarterly operating profit grew from $1.561 billion on 31 December 2022 and $1.343 billion on 31 March 2022.
Conversely, Ford reported $41.474 billion in quarterly revenues. The quarterly revenues fell from $43.999 billion on 31 December 2022 and rose from $34.476 billion on 31 March 2022. Interestingly, Ford’s revenues grew by 20.3% in the quarter ending on 31 March 2023. Plus, the quarterly revenue growth rate rose from -4.84% on 31 March 2022.
How Much Cash is Ford (F) Generating?
The Ford Motor Company (NYSE: F) can generate enormous amounts of cash. For example, Ford reported a $22.359 billion quarterly ending cash flow on 31 March 2023.
The quarterly ending cash flow rose from $21.283 billion on 31 March 2022 and $3.619 billion on 31 December 2022. In contrast, the quarterly operating cash flow was $2.8 billion on 31 March 2023. The quarterly operating cash flow rose from -$1.084 billion on 31 March 2022 and $1.178 billion on 31 December 2022.
Ford can pay off an enormous amount of debts. It reported a quarterly financing cash flow of $7.055 billion on 31 December 2022. However, the quarterly financing cash flow fell to -$3.874 billion on 31 March 2023.
Ford reported $39.513 billion in cash and short-term investments on 31 March 2023. Conversely, the cash and short-term investments fell from $44.07 billion on 31 December 2022 and $41.228 billion on 31 March 2022.
What Value can Ford (F) Achieve?
I think Ford (F) offers enormous value because it had $256.8 billion in total assets on 31 March 2023. The total assets rose from $255.884 billion on 31 December 2022 and $252.896 billion on 31 March 2022.
In contrast, Ford had $139.292 billion in total debts on 31 March 2023. The total debt rose from $138.969 billion on 31 December 2022 and $135.601 billion on 31 March 2023.
I consider Ford an incredible value investment because it had an $11.89 share price on 10 May 2023. Conversely, Mr. Market paid $13.37 for Ford on 9 May 2022. I label Ford a value because its share price is falling while its assets are growing in value.
Plus Ford pays a modest dividend. Ford has scheduled nine 15₵ quarterly dividends between 1 June 2023 and 30 May 2025. Overall, Ford shares were offering a 60₵ forward dividend and a forward dividend yield of 5.05% on 10 May 2023.
If you are seeking a value investment in electric vehicles. I think Ford is worth examining because of its dividend, growth, and cheap price.
