Ford lowers prices for its F-150 Lightning by up to $10,000
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Ford Motor Co has reduced prices for its F-150 Lightning by up to $10,000, leading to a more than 5% drop in its stock. The base model will now be approximately $10,000 cheaper, with other variants also seeing price reductions of at least $6,000 due to lower battery mineral costs. This price cut aims to enhance accessibility and boost deliveries, as Ford's production is set to triple following factory upgrades. Year-to-date, Ford's shares are up over 20%, but analysts suggest caution regarding the stock's future performance.
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