Ford’s new electric pickup will cost $28,350. It’s an extremely expensive bet on a very cheap truck

CNN Business08-07

Ford is the undisputed global leader in pickup trucks. The F-Series is the best-selling vehicle in the US – of any kind – since 1981. Its latest pickup, the Ford Fathom, will cost a downright cheap $...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2657961007?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-07 19:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2657961007","market":"hk","top_or_hot":-1,"title":"Ford’s new electric pickup will cost $28,350. It’s an extremely expensive bet on a very cheap truck","media":"CNN Business","content":"<div>\n<p>Ford is the undisputed global leader in pickup trucks. The F-Series is the best-selling vehicle in the US – of any kind – since 1981. Its latest pickup, the Ford Fathom, will cost a downright cheap $...</p>\n\n<a href=\"https://edition.cnn.com/2026/08/07/business/ford-electric-pickup-cheap-car-big-bet\">Source Link</a>\n\n</div>\n","source":"cnn_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ford’s new electric pickup will cost $28,350. It’s an extremely expensive bet on a very cheap truck</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFord’s new electric pickup will cost $28,350. It’s an extremely expensive bet on a very cheap truck\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-07 19:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2026/08/07/business/ford-electric-pickup-cheap-car-big-bet><strong>CNN Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ford is the undisputed global leader in pickup trucks. The F-Series is the best-selling vehicle in the US – of any kind – since 1981. Its latest pickup, the Ford Fathom, will cost a downright cheap $...</p>\n\n<a href=\"https://edition.cnn.com/2026/08/07/business/ford-electric-pickup-cheap-car-big-bet\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://edition.cnn.com/2026/08/07/business/ford-electric-pickup-cheap-car-big-bet","article_id":"2657961007","we_media_id":null,"thumbnails":[],"rights":{"source":"cnn_highlight","url":"https://edition.cnn.com/2026/08/07/business/ford-electric-pickup-cheap-car-big-bet","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2657961007","pubTimestamp":1786100429,"columns":[],"sourceInfo":{"source_id":"cnn_highlight","name":"CNN Business"},"weMediaInfo":null,"summary":"Ford is the undisputed global leader in pickup trucks. The F-Series is the best-selling vehicle in the US – of any kind – since 1981. Its latest pickup, the Ford Fathom, will cost a downright cheap $28,350, which should set it up to be a massive seller.Ford has spent billions beyond the usual costs developing the Fathom ,a smaller electric pickup truck that goes on sale in 2027. But there is no current US market segment along the lines of electric pickup smaller than a regular truck but still with room for a family of four.If it bombs, it’s not just money down the drain. The truck becomes a cautionary tale.“Despite the small footprint of the vehicle, the implications are huge,” Ivan Drury, director of consumer insights for Edmunds, told CNN.“It’s a big bet for Ford, for sure,” Emma Bergg, a spokesperson for Ford, told CNN.The Trump administration and Republicans in Congress eliminated a federal tax credit of $7,500 for EVs last October. EVs tend to be expensive, too, with Cox Automotiv","collect":0,"end_time":0,"defaultTopTitle":"cnn.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","FRDU":"2倍做多F ETF-Direxion","BK4555":"新能源车","F":"福特汽车","BK4574":"无人驾驶","FRDD":"1倍做空F ETF-Direxion","BK4099":"汽车制造商","BK4588":"碎股","BK4516":"特朗普概念"},"translate_title":"福特的新款电动皮卡售价为 28,350 美元。这是一辆非常便宜的卡车的极其昂贵的赌注","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"F":1.5,"FRDD":0.6,"FRDU":0.6},"content_text":"Ford is the undisputed global leader in pickup trucks. The F-Series is the best-selling vehicle in the US – of any kind – since 1981. Its latest pickup, the Ford Fathom, will cost a downright cheap $28,350, which should set it up to be a massive seller.\n    \n\n            And it absolutely needs to be.\n    \n\n            Ford has spent billions beyond the usual costs developing the Fathom ,a smaller electric pickup truck that goes on sale in 2027. But there is no current US market segment along the lines of electric pickup smaller than a regular truck but still with room for a family of four.\n    \n\n            If it bombs, it’s not just money down the drain. The truck becomes a cautionary tale.\n    \n\n\n\n\n\n\n\n\nFord's new electric pickup will cost $28,350.\n\nFord\n\n\n\n\n\n            “Despite the small footprint of the vehicle, the implications are huge,” Ivan Drury, director of consumer insights for Edmunds, told CNN.\n    \n\n            Coming out with any new car can typically cost a major company around $2 billion, but the research and development to bring such an inexpensive EV to the market has taken much more than that.\n    \n\n            The Fathom – and the cars descended from it – has already cost Ford around $5 billion.\n    \n\n            Then there’s the low price. Unlike luxury cars, which can be sold for multiple thousands of dollars more than they cost to be assembled, cheap cars need to sell at extraordinarily high volumes to make the same amount of money.\n    \n\n            That is enough pressure to put on one little pickup truck. Now add in the fact that it’s all-electric, in a segment that simply does not exist in the United States.\n    \n\n            “It’s a big bet for Ford, for sure,” Emma Bergg, a spokesperson for Ford, told CNN.\n    \n\n        The Market\n\n\n            Ford has been down this road before.\n    \n\n            When it was announced in 2021, the Ford F-150 Lightning was supposed to make the EV as mainstream as, well, the Ford F-150. Originally priced at $40,000 in the first half of 2022, Ford expected to sell them hand-over-fist.\n    \n\n            But by 2023, that base price had jumped to nearly $60,000. Would-be buyers, skeptical of new technology and a high price, responded accordingly. Sales never climbed higher than 33,510 units in 2024, and Ford ended production of the F-150 Lightning in December 2025.\n    \n\n\n\n\n\n\n\n\nThe unveiling of the F-150 Lightning outside of Ford's headquarters in Dearborn, Michigan on May 19, 2021.\n\nJeff Kowalsky/AFP/Getty Images\n\n\n\n\n\n\n\n\n\n\n\n\nFord F-150 Lightning trucks under production at the Rouge Electric Vehicle Center in Dearborn, Michigan.\n\nJeff Kowalsky/AFP/Getty Images\n\n\n\n\n\n            And things have only gotten tougher for EVs since then.\n    \n\n            The Trump administration and Republicans in Congress eliminated a federal tax credit of $7,500 for EVs last October. EVs tend to be expensive, too, with Cox Automotive reporting that the average electric car sold for $56,238 in June, nearly $7,000 more than the average car overall.\n    \n\n            Eliminating the tax credit didn’t kill the EV market entirely, however, and EV sales in the US actually rose 15% from the first quarter to the second quarter of this year.\n    \n\n            Drury and Bergg both maintain that the better analogue for the Fathom is not the electric F-150 Lightning, with its large frame and accordingly large price tag.\n    \n\n            It’s the Ford Maverick, a small pickup truck  that went on sale in 2019 and comes in both gasoline and hybrid variants. It starts at $28,145 – just $200 cheaper than the upcoming Fathom – and sold about 155,000 units last year.\n    \n\n            That might seem like Polly Pocket numbers compared to the 800,000 Ford F-Series trucks sold in 2025, but raw numbers don’t tell the whole story.\n    \n\n\n\n\n\n\n\n\nAn employee polishes the 2025 Ford Maverick Hybrid pickup truck during the Los Angeles Auto Show, in Los Angeles, California, on November 21, 2024.\n\nDaniel Cole/Reuters\n\n\n\n\n\n            Ford has sold out its Maverick production run for multiple years in a row, accordingly, Drury said.\n    \n\n            “You could look at the Maverick as probably the greatest success story of the past decade,” Drury said. “Any way you cut it, the vehicle has outperformed everyone’s expectations.”\n    \n\n            The Maverick’s core customer isn’t a traditional pickup truck buyer but someone who might be coming over from an equally affordable car, like a Honda Civic.\n    \n\n            Ford CEO Jim Farley told Fast Company in April that he sees a lot of growth in the lower end of the market.\n    \n\n            “Everything that we’ve seen with escalating fuel prices in the US is reinforcing our choices,” Farley told Fast Company.\n    \n\n        The car of the future?\n\n\n            For Ford, the Fathom is not just about selling as many of them as it can now, but showing where the company is going.\n    \n\n            While Ford has scaled back plans for EV production, the company hasn’t abandoned them entirely.\n    \n\n            The Fathom is the first product built on what Ford calls the Universal Electric Vehicle platform, which will be the basic architecture for producing multiple upcoming electric cars, from compacts to vans, Bergg said. That should help to make up for some of the Fathom’s development costs.\n    \n\n            And even though the Fathom is aimed at the lower end of the market, it’ll have numerous features to help appeal to those buyers from other brands.\n    \n\n            It’ll have a big screen. An optional battery pack should take its range to over 300 miles. Every Fathom, even the most barebones, will have the hardware and sensors necessary to turn on BlueCruise, the company’s software that enables drivers to take their hands off the wheel while on the highway.\n    \n\n            And Ford’s Bergg took pains to emphasize that its low price wasn’t coming from where customers would notice. Instead, it’s a result of those manufacturing processes that Ford spent billions developing.\n    \n\n            “Affordability is a big company priority right now, not just in the electric vehicle part of the business but across the board,” Bergg said.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2657961007","isCrawlerRequest":true}