![]() ![]() 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. 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. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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