Gene Munster Says Ford's EV Pullback Could Be Beneficial For Tesla — Gary Black Says 'Ford Can't Make Money...' - Ford Motor (NYSE:F)

Core Viewpoint - Ford Motor Co. is experiencing a significant pullback in its electric vehicle (EV) strategy, which may have implications for competitors like Tesla Inc. [2][4] Group 1: Investor Insights - Gene Munster believes Ford's retreat from EVs could be advantageous for Tesla, suggesting that Ford's challenges in developing autonomous vehicles from hybrid powertrains may leave it behind in the autonomous vehicle sector [2] - Gary Black argues that Ford's shift towards hybrids signifies an acknowledgment that the company cannot profit from merely extending its EV brand with existing popular models like the F-150 Lightning [3] Group 2: Production Changes - Ford has announced the cessation of production for the F-150 Lightning EV Pickup truck, which was previously the best-selling EV pickup in the U.S., and is pivoting to an Extended Range Electric Vehicle (EREV) that offers up to 700 miles of range [4] Group 3: Regulatory Context - The pullback in Ford's EV strategy coincides with President Donald Trump's announcement of relaxed Corporate Average Fuel Economy (CAFE) Standards, which Ford CEO Jim Farley has praised as beneficial for producing American-made products [5] - Farley had previously predicted that EV adoption in the U.S. would reach only 5% [5] Group 4: Market Performance - Ford's stock declined by 0.80% to $13.65 at market close but rebounded by 1.11% to $13.80 in after-hours trading, indicating some market volatility [6]