Ford to reveal more about its new low-cost electric vehicles on August 11
Farley made the comments after Ford revealed its electric vehicle division posted a loss of around $1.3 billion in the second quarter of 2025. Sales of the company's top two EVs, the F-150 Lightning and the Mustang Mach-E, are declining, all while things are looking increasingly tough for electric vehicles under the second Trump administration.
Switch Auto Insurance and Save Today!
The Insurance Savings You Expect
Affordable Auto Insurance, Customized for You
Great Rates and Award-Winning Service
Farley first revealed that Ford had a skunkworks team developing a low-cost electric vehicle in February 2024. As TechCrunch first reported, the effort is being led by former Tesla executive Alan Clarke, and the team is brimming with talent from companies like Tesla, Rivian, Apple, and Lucid Motors.
The company has been deliberately vague about any specifics, but has admitted that the first vehicle to be built on this new low-cost platform will be a mid-size pickup truck set for release in 2027. Ford has said it will build 'multiple vehicle styles — for both retail and commercial customers' on the platform, and that these vehicles will feature 'personalized digital experiences.'
Cheaper models could help Ford, but 2027 is still a long way out.
While there are basically no mass-market electric vehicles available in the U.S. at or under $30,000, that likely won't be the case when Ford's secretive EVs hit the market in two years. Tesla has said it will start selling a stripped-down (and possibly smaller) Model Y SUV later this year. General Motors is bringing back the Chevy Bolt next year. And Jeff Bezos-backed startup Slate Auto is putting its own low-cost electric pickup on sale as early as late 2026.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
22 minutes ago
- Yahoo
Bitcoin vs Stocks: Which $15,000 Investment Would Make You a Billionaire?
Imagine it's mid-2010, and you have $15,000 to invest. You're considering a new digital currency called bitcoin, trading at just 10 cents per coin, or putting your money into promising stocks like Nvidia, Tesla or Netflix. Read More: Discover Next: I asked ChatGPT to run the numbers on what might be the most expensive investment decision in modern history. The artificial intelligence's analysis reveals just how dramatically different asset classes can perform (and why timing really is everything when it comes to investing). The $15,000 Investment Scenario: Mid-2010 To make this comparison fair, ChatGPT set the investment date at mid-2010, when both bitcoin and several now-famous stocks were available. This timing is important because it represents a moment when ordinary investors could realistically have made any of these choices. The AI selected five investments that seemed promising in 2010: Bitcoin, trading at around $0.10 per coin Nvidia stock at about $2.50 (split-adjusted) Tesla, which had just gone public at $1.17 (split-adjusted) Broadcom at approximately $7.30 (adjusted for splits and mergers) Netflix at around $8.80 (adjusted for splits) Each represents $15,000 invested at that moment in time. Here's what ChatGPT discovered about where that money would be today. Find Out: Bitcoin: The $17.7 Billion Winner According to ChatGPT's calculations, bitcoin's results are nearly unbelievable. At $0.10 per bitcoin in mid-2010, your $15,000 would have purchased 150,000 coins. With bitcoin trading at approximately $117,700 today, those 150,000 coins would be worth $17.655 billion. 'Yes, this investment would have made you a multibillionaire,' ChatGPT confirmed, adding that bitcoin is the only asset in this comparison that achieved billionaire status. This represents a return of over 1,000,000% — turning every dollar invested into more than $1 million. Nvidia: The Stock Market's Best Performer Still Falls Short Nvidia has been the poster child for stock market success in recent years, especially with the AI boom. ChatGPT's analysis shows it was indeed the best-performing stock in our comparison. Your $15,000 would have bought 6,000 shares at $2.50 each in 2010. With Nvidia currently trading around $175.50, those shares would be worth $1.053 million today. 'Even accounting for stock splits and exact timing, Nvidia grows to around $5-6.7 million at best,' ChatGPT wrote, acknowledging that different timing within 2010 could have yielded slightly better results. Still, even the most optimistic Nvidia scenario falls dramatically short of billionaire status. Tesla: From IPO to Millions, Not Billions Tesla's initial public offering in June 2010 created early investor opportunities that ChatGPT calculated would have been impressive — just not billionaire-level impressive. At Tesla's split-adjusted IPO price of $1.17, your $15,000 would have purchased approximately 12,820 shares. With Tesla trading around $328 today, that position would be worth about $4.2 million. 'Best estimates suggest Tesla would yield around $3.6-4.2 million on $15,000,' ChatGPT concluded, noting that Tesla's volatility could have affected results depending on exact purchase timing. Netflix: The Streaming Pioneer's Solid but Not Spectacular Returns Netflix represented the streaming revolution that was just beginning in 2010. ChatGPT's analysis shows it would have been a good investment — but nowhere near life-changing money. Your $15,000 would have bought roughly 1,705 shares at $8.80 each. With Netflix currently around $1,176 per share, those shares would be worth approximately $2 million today. 'Best case scenario: around $1.3-2 million,' ChatGPT estimated, accounting for Netflix's various ups and downs over the past 15 years. Not chump change, but not billions. Broadcom: The Forgotten Semiconductor Play Broadcom, while less famous than Nvidia, was another semiconductor stock available in 2010. ChatGPT calculated it would have been the worst performer in this group. At $7.30 per share, your $15,000 would have purchased about 2,055 shares. With Broadcom trading around $293.36 today, that investment would be worth roughly $603,000. 'Realistic return: around $1.7 million max (including reinvestment/dividends),' ChatGPT wrote, suggesting that dividend reinvestment could have improved results somewhat. The Reality Check: Why Almost Nobody Became a Bitcoin Billionaire While ChatGPT confirmed that bitcoin was the only path to billionaire status, the AI also provided crucial context about why so few people actually achieved these returns. 'Bitcoin's rise was incredibly volatile, and few investors held on through multiple 80%+ crashes,' ChatGPT warned. 'Stocks, while slower, offered more stable growth.' The psychological challenge of holding bitcoin through its numerous boom-bust cycles cannot be overstated. Bitcoin crashed over 80% at least three times during this 15-year period. Most investors who bought at $0.10 probably sold long before bitcoin reached $117,700. What This Means for Today's Investors ChatGPT's analysis reveals several important lessons for modern investors: Hindsight is not an investment strategy: While bitcoin clearly won this historical comparison, trying to find the 'next bitcoin' is essentially gambling, not investing. Diversification matters: Even the best-performing traditional stocks 'only' returned millions rather than billions. But millions in returns from a $15,000 investment represents life-changing money for most people. Volatility is the price of potential: bitcoin's path to billions involved gut-wrenching volatility that would have tested any investor's resolve. Traditional investments still work: While stocks didn't create billionaires, turning $15,000 into several million dollars over 15 years represents excellent investment performance by any reasonable standard. The Broader Investment Implications ChatGPT's comparison illustrates why investment advisors typically recommend diversified portfolios rather than betting everything on single assets, even promising ones. Let's break it down. If you had split your $15,000 five ways in 2010, putting $3,000 into each investment, you'd have: $3.531 billion from Bitcoin $200,000-1.3 million from Nvidia $720,000-840,000 from Tesla $120,000-340,000 from Broadcom $260,000-400,000 from Netflix Even with 80% of your portfolio in stocks that 'underperformed,' you'd still be a billionaire thanks to that small bitcoin allocation. It (quite literally) pays to diversify. Why Timing Really Is Everything ChatGPT's analysis used mid-2010 as the investment date, but small timing differences could have dramatically affected results. Bitcoin was virtually worthless in early 2010 but had already begun rising by year-end. Similarly, Tesla's IPO timing, Nvidia's various product cycles and Netflix's streaming transition all created windows where earlier or later investments could have yielded different results. The Bottom Line on Billionaire-Making Investments According to ChatGPT's analysis, if your goal was becoming a billionaire from a $15,000 investment in 2010, bitcoin was the only known path to that outcome. Even the decade's best-performing stocks delivered 'only' multi-million dollar returns. But the AI's analysis also reveals why chasing these extreme outcomes is probably the wrong approach for most investors. The stocks in this comparison all delivered life-changing returns while offering more stability and predictability than bitcoin's wild ride. As ChatGPT wrote, bitcoin's success required not just picking the right asset, but having the psychological fortitude to hold through multiple crashes that would have tested any investor's resolve. For today's investors, the lesson isn't to search for the next bitcoin — it's to build diversified portfolios that can capture strong returns while managing the very real risks that come with chasing billionaire-level gains. Not as fun as making millions — or billions — but a worthy goal, nonetheless. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 10 Used Cars That Will Last Longer Than the Average New Vehicle 10 Cars That Outlast the Average Vehicle This article originally appeared on Bitcoin vs Stocks: Which $15,000 Investment Would Make You a Billionaire? Sign in to access your portfolio
Bloomberg
an hour ago
- Bloomberg
BMW CEO: iX3 Electric SUV Will Be Industry ‘Benchmark'
BMW Chief Executive Officer Oliver Zipse discusses the new all-eclectic SUV called the iX3. "This will be the benchmark of the industry," he tells Bloomberg's Tom Mackenzie. The sport utility vehicle will be the first of 40 new or updated models that share software, high-performance computers and different design cues. Zipse also comments on how much market share he expects the automaker to take from competitors such as Tesla. (Source: Bloomberg)
Yahoo
2 hours ago
- Yahoo
Original Tesla Cofounder Roasts Cybertruck for Looking "Like a Dumpster"
Martin Eberhard, one of the original cofounders of Tesla — who actually started the company and didn't retroactively bestow himself a title giving that impression, unlike a certain billionaire — isn't too pleased with his baby's newest crowning jewel: the Cybertruck. In comments made in a recent interview with YouTuber Kim Java spotted by Electrek, Eberhard vented his frustration with Tesla's recent direction — which is when the highly heterodox pickup truck caught a stray. "I am actually disappointed that Tesla canceled its low-end car program," he said in the interview. "Because that's what the world needs — not a truck that looks like a dumpster." Eberhard cofounded Tesla with Marc Tarpenning in 2003. Musk joined the next year after investing $6.5 million in the startup, and became chairman of the board. They were hardly ever on good terms. The first major blow was dealt by Musk, who sacked Eberhard as CEO in 2007, eventually stepping into the role himself. Eberhard clapped back by suing Musk in 2009 for libel and defamation, and later settled out of court. As part of that settlement, Musk was allowed to call himself a cofounder of Tesla. There's still bad blood between the two, and Eberhard has occasionally been publicly critical of Musk. In 2023, for example, Eberhard took a dig at Musk's alleged hot temper and hair-trigger firings. "I'm a believer of treating employees with respect, and I'm not into random firings and things like that," Eberhard said in an interview with Business Insider, ruminating about how he would run things instead. "So maybe the culture inside the company would have been a little bit nicer." His latest criticism is one echoed by many of Tesla's investors and even its fans: that it's sat on its promise of delivering an affordable, $25,000 EV. Proponents argue this would unlock millions of more customers that were reluctant to buy EVs due to their price and rescue the company's faltering sales. Recent comments from Musk, however, have all but confirmed reports that Tesla is abandoning the idea, despite teasing it for years. And in retrospect, the Cybertruck should've been a clear death knell. It's in every respect a giant F-U to sensible, frugal-minded buyers. It's large, heavy, expensive to maintain, and infamously unreliable. When it launched, it cost an eye-watering $100,000, and cheaper versions that have since been released are still well within the luxury SUV price range with the tradeoff of being a downgrade in every way possible. And with its staggeringly poor sales, which in the second quarter collapsed by more than 50 percent from the year before, Eberhard may be getting the last laugh. More on Tesla: The Cybertruck Is Aging Like Fast Fashion on Temu Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
