09-05-2020, 07:45 AM
https://m.benzinga.com/article/17368635
Tesla Inc (NASDAQ: TSLA) is the first brand on everyone's minds when it comes to EVs. But despite its stunning performance this year which fuelled a 500% gain, Tesla is no longer free of competitors. Besides Nikola Corporation (NASDAQ: NKLA) whose Badger is set to compete directly with Tesla's Cybertruck, traditional automakers have begun their electric transformation at large. Only time will tell if they will succeed to adapt to the new era, but the competing landscape will change dramatically for Tesla during the next 24 months. Moreover, America's favorite vehicle will provide us with the first trailer of the EV blockbuster era ahead.
Legacy Automakers And Pickups
On Wednesday, Ford Motor Company (NYSE: F) alerted its employees that it plans to trim its headcount by 1,400 salaried workers by offering them an opportunity to retire this year. Ford is due to deliver one of the most eagerly anticipated electric models in 2022, an all-electric version of its F-150, the best-selling pickup in the US and Canada for 54 years. However, Ford will first roll out a hybrid version of its popular F150 pick-up. It is expected to be in dealerships by the end of the year. A hybrid 2021 F150 is not a plug-in hybrid as it features a battery that is regenerated by the gas engine. The vehicle can manage short distances on electricity, but it switches to the gas engine when acceleration occurs. Hybrid could indeed be the solution to many of the difficulties that have plagued the development of electric pick-ups.
General Motors Company (NYSE: GM) will reveal its battery-electric GMC Hummer "supertruck" in the fall. The truck segment has been profitable for each of Detroit's big three. In the third quarter, Fiat Chrysler Automobiles NV's (NYSE: FCAU) deliveries even rose marginally by 0.1% due to strong Ram pickup truck sales. Usually, the battle is between F-Series, Silverado, and Ram. Although the Italian-American automaker has been slow to adopt the electric trend, it did announce back in July that it will electrify its profit-heavy Jeep brand by 2022. So, this battle is bound to be transferred to the electric playfield at some point.
Tesla Inc (NASDAQ: TSLA) is the first brand on everyone's minds when it comes to EVs. But despite its stunning performance this year which fuelled a 500% gain, Tesla is no longer free of competitors. Besides Nikola Corporation (NASDAQ: NKLA) whose Badger is set to compete directly with Tesla's Cybertruck, traditional automakers have begun their electric transformation at large. Only time will tell if they will succeed to adapt to the new era, but the competing landscape will change dramatically for Tesla during the next 24 months. Moreover, America's favorite vehicle will provide us with the first trailer of the EV blockbuster era ahead.
Legacy Automakers And Pickups
On Wednesday, Ford Motor Company (NYSE: F) alerted its employees that it plans to trim its headcount by 1,400 salaried workers by offering them an opportunity to retire this year. Ford is due to deliver one of the most eagerly anticipated electric models in 2022, an all-electric version of its F-150, the best-selling pickup in the US and Canada for 54 years. However, Ford will first roll out a hybrid version of its popular F150 pick-up. It is expected to be in dealerships by the end of the year. A hybrid 2021 F150 is not a plug-in hybrid as it features a battery that is regenerated by the gas engine. The vehicle can manage short distances on electricity, but it switches to the gas engine when acceleration occurs. Hybrid could indeed be the solution to many of the difficulties that have plagued the development of electric pick-ups.
General Motors Company (NYSE: GM) will reveal its battery-electric GMC Hummer "supertruck" in the fall. The truck segment has been profitable for each of Detroit's big three. In the third quarter, Fiat Chrysler Automobiles NV's (NYSE: FCAU) deliveries even rose marginally by 0.1% due to strong Ram pickup truck sales. Usually, the battle is between F-Series, Silverado, and Ram. Although the Italian-American automaker has been slow to adopt the electric trend, it did announce back in July that it will electrify its profit-heavy Jeep brand by 2022. So, this battle is bound to be transferred to the electric playfield at some point.