a jim farley who's running the company is doing great job. camille with lot of new product. i have not driven the lightning yet, but i have driven the review and i've driven the maki in the maki g t. so i'm telling you that they've got a lot of new product coming out general motors as everybody does. 3 and if you start bringing in other people's platforms, it might save you some money, but it also could cost you because ravine is back logged in, trying to produce vehicles as quickly as they can. so for ford, having their own battery plant, putting $11000000000.00 into kentucky and tennessee means they'll be able to control not just the batteries, but the production of those electric cars. and it's smart to keep it vertical. well, and i mean, when, you know, i know we talk about the great technology of a company like really, and obviously we've talked about tesla so much in recent years. but the fact is, when you look at what their i, p o did. and how big their evaluation exploded. i mean, how do we put the, put that together when you really go, they barely have any product o

for sometime a lot has to happen between now and then, but i am not surprised to see that from jim farley and his team >> ford doesn't want to be forgotten in that electric vehicle discussion >>> let's talk about ford. what do you make about what's going on in shares of ford >> i think bill said it correctly. they will be super aggressive. they are focusing on pickup trups. with rivian last week, 70% of cars sold in america are suvs and trucks i know they have been all over that trade phil also mentioned ford has this deal with argo and lyft for autonomous there are other ways to play this if you ask me are you buying apple. somebody was today i would say okay, fine, they are probably as good a bet as anybody to make an autonomous car. whether they have fleets available in 2025 is another story. i don't think analysts or investors any time soon will be modeling their numbers going forward based on this sort of speculation. >> tim, did these numbers out of apple excite you, give you another reason to look at the stock? >> i am long the stock -- i am sorry. >> that's all right. tim, first,

jim farley talked about a deal he just made with global foundries, to address auto chip supplies togethercreate a secure supply of feature-rich semis. the key term there is feature-rich the chips that are needed to make all the cars and trucks are called feature-rich, which means they're not the high-performance chips, but that's what's been slowing down ford. this is a breakthrough deal. he's dealing directly with -- i skew them for getting the job done i wonder whether secretary raimondo would weigh in on this. >> it's interesting. the president was an gm yesterday, drove the hummer, proof that america has what it takes. does that do anything to you to maybe have you take a fresh look at gm? >> gm is breaking out here i think it's terrific. mary barra is doing a good job, but when i think about who is going -- in skate, again musk, who has a get musk squad i don't think mary barra has a get musk squad but when you talk to jim farley about musk, it's tnp, carl take no prisoners. >> we're going to talk mo about tesla, some of cathie wood's comments we'll have more "squawk on the street" i

>> look at the last year the run has really come under the leadership of jim farley, the ceo.g electric and they rolled out the f-150 lightning, which is the electric pickup truck coming early next year, some other maodels as well, people have said wait a minute, this isn't your old ford, a company that cranks out the f-150 and a few other vehicles, this is a company that i can see really turning things around. that's why the stock is on a tear. >> by the way, the company announced it's going to impose a vaccine mandate. i know you caught up with the ceo. how did he explain that? >> well, when we talked with the cfo earlier today, shep, basically what he said is we are at 84%, 85% vaccination for our salaried workers we're going to work with the staff. we're not immediately going to say, look, you can't come in here i think we'll see this from a lot of companies, shep they know that deadline is coming and they're working on it, but at this point it's still a goal more than it is a hard and fast rule. >> phil lebeau, thanks so much. >>> a new pandemic-era low that's what's topp

electric vehicles within the next five to seven years >> john, i think that ford motor is run by jim farley, and you'll understand this. he has a get elon squat at ford. they want to bury musk i think they're sick of his ridiculous arrogance and the way he carries himself made a joke of us who voted, and ford will catch up because spite is a powerful motivator, as is revenge and other things in my head that i don't use anymore. david in alaska. david. >> hey, jim. this is david from fair banks, alaska how will interest rates affect stocks in the long term? >> this is just a classic situation. we have low rates. why are they low because there's not enough money demand not because the fed is keeping it down. we're issuing trillions of dollars of bonds there's not a lot of demand. why? because everybody has cash the balance sheets are great which means there's going to be construction, which means every time this market gets hit, we have to look at it as an opportunity for the industrials and for the techs, and i like these questions because, did you notice they're not dripping with cynicism m

correct and i did not think it would happen that quickly what is happening that quickly is that jim farley is incredibly confident in his ev strategy so confident that he believes he can go on it on his own, he can deliver the 600 ev vehicles by 2023, from a balance sheet capacity there's an improvement and reinstating the quarterly dividends and this has a technical momentum behind it and now trading at a 20-year high and very happy taking a position in ford. i love the management strategy of re-assessing the ending of this kind of partnership with rivian as i said, phil's right and i will be holding ford, i believe, for a very long time >> joe, you're also making moves in your portfolio. you sold starbucks and you also trimmed amd in seattle genetics. can you walk us through it >> yeah. let's first tackle amd and cgen. each of these stocks amd is certainly much more of a significant winner for me in the portfolio. i'm long the stock below $80 so let's not read too much into this other than this is just maintenancing the portfolio and taking some of those profits and trimming the position

ford is one of my favorite stock s, and i really love how jim farley's aggression rattled general motors cage, you saw general motors immediate reach out to taiwan semiconductor so qualcomm and i think they blindsided general motors a little bit. liz: you don't just pick-up the phone and call three different chip leaders in asia when they're asleep, gm has been on the case but i agree with you , i'm so excited about the all electric 150 ford f-150 but go on i really think that again, this is all great for u.s. automakers, right? >> oh, yeah and lucid. lucid is my favorite ev pick. i was in that for the ride up here this week. i got out of about half of my shares on monday because i was trying to take up my principal and get down to money but i love this , i love the way that company is and that is actually the technology leader ahead of tesla in terms of battery and making the car lightweight and they are catering to the high end so not competing with tesla for the same customers because tesla is competing for the high end and medium-to-high end where this is strictly high end stuff with

. >> jim farley has said it's not transactional. could be wrong three years from now, they could be holding arm in arm at the rivian plant and they can say these guys will be doing the next lincoln ev. is that possible absolutely, that's possible and i'm just telling you based on what i hear from people within the auto industry who are familiar with the relationship between ford and rivian. i would be surprised if it lasts a really long time i'll leave it at that. >> all right i just want to keep everybody up-to-date that we are still waiting for the very first trade of what will be either the or close to the largest ipo of the year $110 is the indicated price right now. so we've round tripped from where we were a little past 10:00 a.m. on the east coast when it was $110 it went up to $125 and as they continue to pare shares off, it continues to drop a bit. do we have the professor now let's bring in jeremy segal now of the wharton school. professor, i'd love to get your thoughts before we get into the cpi which i know you're about

the difference here is jim farley, i think he's going to have to figure out how to get this valuation with ev and david talks about it's bigger than ford it's bigger than ford. farley has had the it's bigger than ford. he's done with that. he's taking no prisoners it was bill ford who was talking about the long-term big model for autonomous it's going to be a subscription modding, where you will use a car briefly, which had not have a pedal or steering while. that's jonas' point today, too, if this works out long term, that's not good for the ev makers as we know them, and then you throw in a katy talking about the service -- remember, apple was never first. indicate makes the great case, remember blackberry? all these pioneers will have arrows in their back, and that somebody that knows more is jensen huang. >> here we go. >> what? what >> nobody is going to be in a car, because they'll all by in his omniverse, where you can travel however you want, wherever you want, and you don't have to leave your home. that works out well. >> remember it's omniverse. >> i said omniverse. >> i wan

jim farley assures us the ford mustang mach-e is a very profitable business.hat's farley. >> okay. off the bat it will support itself >> my wife is in line for the hummer, because it walks like a crab >> the rivian was the best i have ever driven. >> the best -- >> rivian or the lucid which? >> the lucid, david, i saw when i was driving with a lucid. >> so then you followed it and drove a rivian >> no, i'm sorry >> you're accusing all of us >> let me be clear, i drove a lucid, not a rivian. >> now i can't stop thinking of him as an uber driver. >> will you stop it with this? how about the one where i was in the back why are you showing me like this >> morgan assistantly sticks by its top ev pick. >> i think that's better hi has a sense of humor, but ferrari is the best car >> he's trying to take amp the risk what happens when the music stops here with the lucid? >> you guys can remember the abuse we all got, and at least questioned the idea that the transaction would occur. over, it did i don't know, jim. they you willy say it's only going higher so, yeah, you

piece about it adam jonas does a mea culpa on ford jim farley has brought a lot of energy to the companyt reiterates underweight on his overall notion that evs will not be the money-making business that internal combustions are. >> he's a jonas fan as well, but i would argue that he's more of a farley fan i think that would be the case obviously crimers has been right, jonas has been wrong on ford's performance lucid, mike, still has a larger market cap than ford these things sort of cede a bit of a base. rivian is about $100 billion, lucid about $83 billion, so i think it's what tesla, toy outroa, maybe even volkswagen is in there >> yeah, i mean, what's interesting is they're all down, because sometimes it seems as if you buy the new guys or the old one, but we'll see how it develops throughout the day. they obviously are -- it's a lot of future hopes and dreams inside these numbers ford is never going to get the full benefit no legacy company ever is. you can have, you know -- oracle can say we're a cloud company, and part of it is, but they won't get the same valuation and always cla

. >> they should blow it out they should blow -- jim farley, if you're listening, blow out your rivianeanwhile, tesla, musk sells another 900 million or so, exercising options we'll watch that because 994 on tesla is a bear market from the all-time intraday high. >> yeah. look, there seems to be an endless amount of money for anything that's ev and no money for anything that is earnings right now. it's incredible when you look at it home depot but what people are excited about are pie in the sky it's why i'm going to lucid today. lucid yesterday, they're making 17,000 cars, they're going to raise that number. 17,000 that's all they're making. rivian, amazon will buy every single structruck they have. but i'm astonished by how much people want these stocks it's astonishing >> lucid's market value is the same as ford's it's the same as ford's. >> we have to stop comparing everything to ford. >> you know i like my market cap comparisons. back to retail, home depot is bigger than walmart. i don't know if that's happened -- >> china is bigger that be the united states. >> walmart hasn't gon

as much as i like ford, and i do i'm a jim farley fan. >> i think fan understates what you are. >> i would be a season ticket holder. >> without a doubt. >> people refuse to understand there are internal connmbustion engine companies, and rivian is 100% future. the companies that are cloud native, remember like when salesforce was cloud native? that is a dow stock with a valuation that's incredible. this is the equivalentened, that's how important they not be internal combustion engine >> they're rooted in -- >> they get a huge discount. >> a dilemma -- >> that's why farley, by having a great selling f-150 and then making it electric is so brilliant. he has to move fast. why do i point it out? he just got $10 billion out of ri rivian. >> well, they haven't sold it yet. >> they have the ability to sell it this is supply begetting demand. people would buy it at 120. >> it will be a large gain for them i think the average cost was around $7. >> kind of like what musk did. >> 6.24 for some of the options he's exercising. tesla is up today. you made this point on your tease with becky, th

i have said jim farley seems to though how to cajole people get the chips. >> right. >> and remember,> nissan, the latest to announce a fairly significant dollar initiative to go electric $17 billion they are going the spend over the next five years to finally compete >> rnl chaing stocks, just like throwing money away at those. >> is that what you see it as, throwing money a >> whenever there is a commodity aspect you have to real how much money has been lost historically when you buy a commodity stock in any new business. there is nothing priority terry. there was big incentive buying at draftkings. but they are still spending a lot of money to get customers. the customer acquisition is playing havoc. that and the fact that some states have as many as 20 different operations to gamble i just think that's a very tough business, right now, until there is a shakeout. there usually are shakeouts, but we didn't know how long that's going the take. >> there are, will there be shackouts amongst the manufacturers as well. rivian down last week, up nicely today, back above a $100 million mar