Even knowing all this, hurtling around the track so effortlessly in something so large felt bizarre. It pegs 0-60 mph at between four and five seconds, making the Lightning its quickest truck ever. Ford promises the all-wheel-drive Lightning will produce 775 pound-feet of torque and up to 563 horsepower. None of this should've come as a surprise. But the sensation is so much more surreal in a bulky pickup like the Lightning, a truck that, by the looks of it, has no business smoking sports cars in a straight line. You can experience roughly this sort of instant, powerful acceleration in any EV, from a commuter Kia to a high-performance Audi. There's none of that hesitation in the F-150 Lightning - it takes off with all its might immediately, and it just keeps hauling. Getting up to highway speeds in a conventional truck means waiting for gears to shift as the engine revs to higher RPMs. But all that subtlety vanished the instant the Lightning's chief engineer, Linda Zhang, floored it onto one of the track's straightaways.įrom a stop, the Lightning blasted forward with breathtaking force, throwing me back into my seat. Disclosure: Jim Cramer's charitable trust is long F and AMZN.Creeping around a parking lot, the Lightning was silent, unassuming. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. If the trade alert is issued with less than 45 minutes in the trading day, Jim executes the trade 5 minutes before the market closes. If the trade alert is sent pre-market, Jim waits 5 minutes after the market opens before executing the trade. Typically, Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
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It's the place where you can see every move we make for the portfolio and get my market insight before anyone else. The CNBC Investing Club is now the official home to my Charitable Trust. Ten cents is a good place to start." We'd love your feedback on the CNBC Investing Club event. He also commented on Ford's plan to reinstate its regular dividend in the fourth quarter. He called the EV maker a "great American company." Amazon is also a backer. That's what we have to solve." He said it's too early to tell what Ford might do with its "over $10 billion" stake in newly public Rivian Automotive. He said Ford needs batteries for its EVs more than semiconductors. Farley also ran through a bunch of other hot-button issues. 2 electric-vehicle maker, presumably behind Tesla but possibly General Motors, which plans to sell 1 million electric vehicles globally by 2025. All I know is there's one finish line and we are motivated to get there." In an interview with Automotive News last month, he said he plans to increase EV production capacity to 600,000 units globally by 2023. Second place is the first loser." He added, in a veiled reference to Musk, "I can't keep track of the other racers. The Ford CEO did not take the bait, mostly. Cramer tried to get Farley to call out Musk. "Just over a month later, we took our own advice and bought it for the charitable trust." Viewers of CNBC have seen Cramer talking about Farley and how he hopes to beat Tesla and Elon Musk in electric vehicles. The stock was trading at seven bucks and change," Cramer recalled during the special on Thursday. "We started recommending Ford Motor to 'Mad Money' viewers way back in October of last year. The stock has soared since then, gaining nearly 200% as of Wednesday's closing price of $19.81. Cramer has touted Farley's ability to execute a turnaround at Ford since Farley was promoted from chief operating officer to the top job, effective Oct. This is what we do." The Lightning is expected to arrive in dealerships by mid-2022. Don't bet against Ford when we have to increase capacity.
"We're going to try to double that," he said.
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Hard orders." Farley said Ford, a core holding in Cramer's charitable trust, is pushing full production capacity at "70,000 or 80,000 units" for the Lightning, the all-electric version of America's decadeslong best-selling F-series pickup truck.
"We stopped at 200,000, and those are orders. "We are completely oversubscribed with our battery electric vehicles, Lightning especially," Farley said in an interview during a special live online event, "CNBC Investing Club: Jim Cramer's Game Plan for 2022." "We had to stop reservations we got so many," Farley added. ) Ford CEO Jim Farley said Thursday that interest in the automaker's soon-to-launch F-150 Lightning electric pickup truck is so great that it had to stop taking reservations. (To sign up for the "CNBC Investing Club with Jim Cramer," subscribe here.
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