Ford’s Strategic Moves in the Automotive Industry Ford (NYSE:F) Takes the Fight to Tesla

Photo of author

By Ronald Tech

New reports indicate that Ford Motor Co. (F) is stepping up to challenge Tesla directly, offering more affordable self-driving features in its vehicles.

When compared to Tesla’s full self-driving option that can cost up to $8,000 for the one-time version and a $99 monthly subscription, Ford’s offerings come at a significantly lower price point. Ford’s BlueCruise hands-free option is tailored for highways, providing a differentiated experience from Tesla’s full self-driving capabilities across all types of roads.

Innovative Switch Technology

In another development, Ford has recently filed a patent for “adaptive upfitter switches,” expanding its innovation portfolio. These switches cater to enthusiasts seeking an off-road experience by simplifying the installation and control of aftermarket parts. The adaptive upfitter switch complements features like Ford’s upcoming Pro Power interface, enhancing the brand’s appeal to a broader market segment.

Assessing Ford’s Stock Potential

Analysts on Wall Street hold a Moderate Buy consensus rating on F stock, with a mix of Buy, Hold, and Sell recommendations. Despite a 6.72% share price decrease over the past year, the average price target of $12.82 per share presents a 21% upside potential, indicating a positive outlook for Ford’s stock performance.

Delve deeper into Ford’s analyst ratings

See also  Fresh Momentum for Ford Motor as Analyst Target Price Hit Fresh Momentum for Ford Motor as Analyst Target Price Hit