Ford will ax three popular gas vehicle models that it has sold for years to make way for electric vehicles.
The automaker is planning to discontinue the Escape, Edge, and Transit Connect to make more capital available for its EV push, which has been a major point of CEO Jim Farley’s plans to return Ford to its once industry-leading position.
As Ford has been one of the longest-standing car companies in the world, the Detroit-based automaker has ultimately decided to transition away from the gas-powered models that have brought it so much success for a century.
Ford CEO Jim Farley shares insights on Tesla NACS adoption and EV transition
Ford has been one of the most committed legacy OEMs in terms of EV adoption and has also been one of the most successful to do so since putting its cards on the table and admitting it will need EVs to run top-notch and sustainable business into the next few decades.
According to Automotive News, Ford is planning to get rid of the Escape, Edge, and Transit Connect due to its higher-than-expected losses in 2023. Ford is set to lose $4.5 billion more than it previously expected, according to the report.
Ford has bolstered its EV production with expansions of various facilities and has even set aside billions for a dedicated production facility for EVs and batteries in Tennessee.
However, its 400,000 unit annual production goal that was set to be achieved in 2024 has been pushed back. It planned to 5x that number by 2026 and bring 2 million EVs to customers that year, but that figure is also being re-examined.
Credit: Ford
It would not be the first time a company didn’t reach its annual production goals for EVs. Many automakers have set out to produce a figure that seemed extremely lofty at the time, only to come up short as the production and manufacturing processes are seemingly more complex than initially thought.
But Ford still has a lot going for it on the EV front. It has plans to bring a next-gen pickup to its brand sometime within the next couple of years, and the F-150 Lightning and Mustang Mach-E are becoming more popular with every quarter as the automaker continues to reduce prices and achieve more scalability.
The Edge will be discontinued as the Oakville plant the car is built in will be retooled to make way for a three-row all-electric SUV. Meanwhile, the Transit Connect will only be removed from U.S. showrooms, but the European market will have access to the vehicle.
The Escape is one of Ford’s most popular models, and there is currently no set date for the SUV to be removed from production. It is more than likely going to be built for the next few years, but there are no plans to make an electric iteration of the Escape, at least for now.
News
Ford considers drastic move with F-150 Lightning: ‘The demand is just not there’
Ford is considering a drastic move with its F-150 Lightning, which was the best-selling EV pickup on the market last quarter, beating out Tesla’s Cybertruck.
Ford has had a tumultuous entrance into its more expanded electric vehicle strategy over the past several years. At one point, the company was widely considered to be the most invested legacy automaker in the transition to electrification, but as the company has seen some real backtracking in terms of its sales and demand, it is cooling down its commitment.
At the end of Q3, it seemed to already be considering making some moves to cool off its EV ambitions, especially as the $7,500 EV tax credit was removed and it appeared that consumers would be less attracted to its vehicles without this sizeable discount.
Now, according to a new report from the Wall Street Journal, Ford is considering scrapping the F-150 Lightning altogether, as one employee said “the demand is just not there.”
Despite it being the best-selling EV pickup in the U.S. last quarter, the sales simply do not match up with the pricing, and financially, it is not the time to try to dive further into a project that is not making a profit. Ford has been dwindling in its commitment to EVs over the past several quarters, and its profits are reflecting a slowing interest in its electric vehicles.
Simply put, Ford’s combustion engine lineup of pickups in the F-Series is, by far, the best-selling division of trucks globally. Ford brought an awesome product forth with the Lightning, a mirror of the gas-powered F-Series that had a variety of trim levels for whatever the truck would be used for by the consumer.
However, the demand and sales have caused Ford to take a loss on its electric truck: figures from early last year indicated it was losing between $100,000 and $132,000 per vehicle.
It is not an official announcement, as Ford has not publicly said anything regarding its plans for the Lightning at this time.
Elon Musk
Tesla schedules Roadster unveiling event, and you won’t believe when it is
Tesla has tentatively scheduled its unveiling event for the Roadster’s next-generation iteration, and you will not believe the date the company picked for it.
Tesla CEO Elon Musk said during the 2025 Annual Shareholders Meeting that the company is aiming for an April 1 demo event.
Yes, April Fools’ Day.
🚨 Tesla’s unveiling event for the Roadster Gen 2 is scheduled for April 1, 2026.
Yes, April Fools’ Day. pic.twitter.com/sw09GUYFPV
— TESLARATI (@Teslarati) November 6, 2025
Tesla originally aimed for its “most epic demo” to take place at the end of this year. However, the writing on the wall as 2025 winds down seemed to indicate the company was not quite ready to show off everything it plans to implement into the Roadster.
Its capabilities have been teased quite heavily throughout most of the year, but the biggest hints came last week when Musk appeared on the Joe Rogan Experience Podcast.
He said:
“Whether it’s good or bad, it will be unforgettable. My friend Peter Thiel once reflected that the future was supposed to have flying cars, but we don’t have flying cars. I think if Peter wants a flying car, he should be able to buy one…I think it has a shot at being the most memorable product unveil ever. [It will be unveiled] hopefully before the end of the year. You know, we need to make sure that it works. This is some crazy technology in this car. Let’s just put it this way: if you took all the James Bond cars and combined them, it’s crazier than that.”
The Roadster has been somewhat of a letdown, at least in its newest version, thus far. Tesla has routinely delayed the project, putting those who put lofty down payments on the car in a weird limbo, lost at what to do.
One notable pre-orderer cancelled his reservation last week and got in a spat with Musk about it.
Now that there is a definitive date for the Roadster unveiling, Musk and Co. should have a more definitive cutoff date for features and capabilities. Chief Designer Franz von Holzhausen said earlier this year that when they showed Musk what they had done with the Roadster, the CEO encouraged them to do even more with it.
This delayed things further.
Musk also said he believes production would begin between 12 and 18 months after the unveiling, putting it out sometime in 2027.
Elon Musk
Tesla (TSLA) shareholders officially approve Elon Musk’s 2025 performance award
To earn his landmark pay package, Musk would be required to lift Tesla’s market capitalization from about $1.1 trillion today to $8.5 trillion over the next decade.
Tesla (NASDAQ:TSLA) CEO Elon Musk has officially approved his 2025 Performance Award, a landmark pay package that could make him the world’s first trillionaire and make Tesla the most valuable company in the world by a mile.
The 2025 CEO Performance Award was officially approved by Tesla shareholders at the 2025 Annual Shareholder Meeting.
Elon Musk‘s landmark pay package
As per Tesla, more than 75% of the shareholders approved Elon Musk’s 2025 CEO Performance Award. It was then unsurprising that the approval of Elon Musk’s pay plan received overwhelming applause from the event’s attendees.
The CEO took to the stage with much enthusiasm, welcoming every shareholder to the event and dancing briefly on stage. Optimus also danced on stage smoothly, demonstrating its improved movements to much appause.
Elon Musk’s 10-year targets
To earn his 2025 CEO Performance Award, Musk would be required to grow Tesla’s market capitalization from about $1.1 trillion today to $8.5 trillion over the next decade. At that level, Tesla would surpass every major public company in existence. The compensation plan also requires Tesla’s operating profit to grow from $17 billion last year to $400 billion annually.
Apart from leading Tesla to become the world’s biggest company in history, Musk is also required to hit several product targets for the electric vehicle maker. These include the delivery of 20 million Tesla vehicles cumulatively, 10 million active FSD subscriptions, 1 million Tesla bots delivered, and 1 million Robotaxis in operation.
-
News1 week agoTesla Cybercab spotted testing on public roads for the first time
-
Elon Musk6 days agoNeuralink’s first patient could receive an upgrade: Elon Musk
-
News2 weeks agoTesla ‘Mad Max’ gets its first bit of regulatory attention
-
News5 hours agoFord considers drastic move with F-150 Lightning: ‘The demand is just not there’
-
News2 days agoTesla Giga Berlin hits a sustainability milestone that’s so impressive, it sounds fake
-
News2 weeks agoTesla shares AI5 chip’s ambitious production roadmap details
-
News1 week agoNeuralink’s first human patient reflects on 21 months with brain implant “Eve”
-
Elon Musk4 days agoElon Musk subtly confirms one of Tesla AI8’s uses, and it’s literally out of this world

