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Monday, July 17, 2023

Ford's Lightning Strikes Back: Price Cut to Challenge Tesla's Cybertruck Storm!

ford f-150 Lightning electric pickup truck

In the thrilling world of electric pickups, where price wars and hype battles are fought with battery-powered fervor, Ford has thrown down the gauntlet by slashing the price of its F-150 Lightning electric truck. The move comes with the all-too-convenient timing of the impending launch of the Tesla Cybertruck, leaving us to wonder if this price drop is an act of confidence or desperation.

Ford claims the price cut is a result of improved scale production and the magical disappearance of raw materials prices. But let's not kid ourselves; it seems like Ford might be peeking over its shoulder, catching a glimpse of the Tesla Cybertruck thunderstorm closing in.

Ever since Elon Musk and his crew of electric enthusiasts started a pricing war back in January, potential EV buyers have been on a wild rollercoaster ride of price changes. It's been more chaotic than trying to find a stable internet connection during a family vacation at a remote cabin.

While Tesla embraced the excitement of price fluctuations, Ford seemed to struggle, especially with sourcing affordable raw materials for their batteries and other EV components. It's like they were hunting for unicorns or magical leprechaun gold in a world that was increasingly swayed by the whims of global supply chains.

"Rapidly rising material costs, supply constraints, and other factors drove up the cost of the EV truck for Ford and our customers," explained Marin Gjaja, the chief customer officer of Ford's Model e division. Yes, Marin, we understand; the world of electrification isn't all rainbows and sunshine, but maybe we should've started digging for treasure chests of precious metals a little sooner?

But fear not, dear customers, Ford has heard your prayers, and now they come bearing gifts—a 17% price cut on the base model F-150 Lightning Pro! You heard it right; you can now own a shiny electric pickup truck for the "bargain" price of US$49,995! It's almost like the sales pitch of a late-night infomercial: "But wait, there's more!"

For those with a penchant for fancier things, the top-end Platinum trim has received a "generous" 6% decrease, now demanding a mere US$91,995. And if you're keeping track of these shenanigans, that's roughly the cost of a kidney on the black market.

Of course, Ford insists this price cut is all about improved manufacturing and raw material costs. But here's where the plot thickens: Tesla, the maestro of EV drama, recently announced the completion of the first production unit of its Cybertruck. Coincidence? We think not!

Could it be that Ford, seeing the thunderous hype surrounding the Cybertruck, decided to beat Tesla at its own game? Did they play the "price cut" card in a desperate attempt to remain relevant in the electric pickup arena? Ford's CEO, Jim Farley, may have previously had some "choice" words about Tesla's "peculiar" pickup truck, but it seems like he's taking a leaf out of Musk's playbook to stir up the market.

With these "drastic" price cuts, the base model Pro F-150 Lightning now starts at just under fifty grand. However, don't get too excited; the most affordable trim is mysteriously unavailable for the 2023 model year. It's like seeing a juicy carrot just out of reach but realizing you're tied to a pole with a short leash. Bummer!

Now, let's talk about the fierce competition. The Rivian R1T, another contender in the electric pickup race, has a starting price of around US$75,000. It's like comparing apples to oranges, or in this case, comparing a shiny apple to a shinier apple with a higher price tag.

And of course, the mighty Tesla Cybertruck, the enigma that has captured the imagination of tech enthusiasts and conspiracy theorists alike, is set to make its grand entrance. With its late arrival and much-anticipated release, we can only assume it will land with a big fat price tag, as if it were trying to steal the spotlight from an A-list Hollywood celebrity.

But let's not forget about Chevrolet, another major player in this electrified tug of war. They're gearing up to launch the Silverado EV, a promising contender with a starting price of around US$50,000. Is Chevrolet the proverbial dark horse in this race, ready to charge forward and steal the spotlight from Ford and Tesla?

In conclusion, the Ford F-150 Lightning's price cut is a bold move, but we can't help but sense a hint of insecurity behind the decision. It's like Ford's trying to put on a brave face while secretly worrying that the competition might cast a long shadow over its prized electric truck.

As electric pickup enthusiasts, we must remain vigilant and see how this electrifying drama unfolds. Whether it's a genius maneuver to stay ahead of the game or a desperate act to dodge the Tesla Cybertruck thunder, only time will tell. In the meantime, grab your popcorn and enjoy the electrifying show!

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