Jim Farley Explains Why Ford Cut the Price of the F-150 Lightning Without Mentioning the "Tesla Cybertruck"

Jim Farley, CEO of Ford Motor Co. (NYSE:F), clarified the reasons behind the business.

 the cost of its F-150 Lightning electric pickup at the company earlier last month.

The corporation reduced the cost of the F-150 Lightning, according to the CEO.

In order to build an order bank for our present manufacturing rate, we increased the price of the F-150 by $10,000.

 the advanced Autopilot capabilities, every aspect .