Ford CEO on Tennessee EV Plant, Profitability, Tesla

Ford is building a new plant in Tennessee to produce the T3 electric truck, part of its Model E expansion. The T3 will feature software updates and semi-autonomous driving. Ford plans to increase capacity due to high demand for the F-150 Lightning. The company aims to achieve profitability faster than Tesla by scaling production and reducing costs. Ford is focusing on trucks in its EV strategy, leveraging its strong market position. Challenges in the traditional business include cost and quality improvements. The T3 truck is expected to be available in a few years.

What challenges does Ford face in turning around its EV business profitability?

How does Ford plan to compete with Tesla in terms of operating margins?

When is the expected completion date for the new truck factory in Tennessee?