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Zenger
Zenger
Technology
Shanthi Rexaline

Ford Worried About Tesla’s Cybertruck, Says Analyst After F-150 Lightning Price Slash: ‘Now Both Models Start At…’

Ford Cybertruck Gene Munster Ford Motor Co Deepwater Asset Management Tesla Inc.
Ford Motor Co. said it is cutting prices of its F-150 Lightning pickup truck by up to $9,979 and investors reacted to the news by sending the stock lower. SPENCER PLATT/GETTY IMAGES 

Ford Motor Co. (NYSE:F) on Monday said it is cutting prices of its F-150 Lightning pickup truck by up to $9,979 and investors reacted to the news by sending the stock lower.

Deepwater Asset Management analyst Gene Munster sees this as a reactionary move.

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