Ford's CEO says China's EV progress is 'the most humbling thing' he's ever seen

Just looked up the SU7. Looks like a luxury sedan, set to compete with porches and teslas.

Lowest trim model has 300hp, 435 mile range and costs $30k. $42k gets you 600hp and 500 mile range.

$40k in the US gets you a new Prius, which are good cars, but they're not 600hp 500 mile electric range good.

Of course, because a bold but incisive plan that looks to go against conventional logic is not what the board wants, and that's ultimately who this person works for.

Those broad abstractions are the easiest thing to get agreement around at a shareholder meeting. Anything more complicated requires and actual understanding of global economics and business; so obviously, you can't count on that.

C-suite makes a lot more money sticking around putting on a pony show that lines up with investor expectations than they would making an unconventional move that looks dangerous, let alone if it actually doesn't work out.