Autonomous Trucks
Managers at Ford ( (F) - Get Report) were all smiles last Thursday at the official reveal for the Lightning, an electric version of their famous F-150 pickup truck. It means analysts will shift to new valuation metrics that will make the old industrial giant assessed more like a tech company – ie on revenue and progress toward the EV goals, and not just earnings. Ford stock closed the session at $13.33, a near 7% gain, and the highest price in a decade. The Verge, a popular tech media outlet for millennials gushed about Lightning, calling it an electric truck for the masses. Ford is transforming from a boring rustbelt car company to a digital tech titan.