🚀 Ford Chasing EV Sales

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Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Ford is launching the "Ford Power Promise" program to boost electric vehicle (EV) sales, addressing concerns about charging and EV ownership. The program includes free home-charging installation, 24-hour advisor service, and roadside assistance for new EV buyers. Ford aims to alleviate “change anxiety” for customers transitioning from gas-powered cars to EVs. The initiative also highlights Ford's 8-year battery warranty, with the company seeking to educate potential buyers while competing with Tesla and Hyundai in the growing EV market.

2. The Southeastern U.S. is in the midst of a massive cleanup after Hurricane Helene caused widespread devastation, killing nearly 100 people across six states and leaving millions without power. North Carolina suffered the most fatalities, with Buncombe County particularly hard-hit. Damage estimates range between $15 billion to $100 billion, with severe flooding, infrastructure collapse, and disrupted communication. Rescue operations are underway, and President Biden and Kamala Harris plan to visit affected areas soon. Many communities face long-term recovery challenges due to destroyed homes, roads, and utilities.

3. Raise Venture Capital in 2024. Get the course helping top founders raise venture capital. The materials in this course are used by founders pitching a16z, Sequoia, YC and more while raising tens of millions! Get the course now for just $199. *

4. Headlines

   1. DirecTV has purchased Dish TV to merge its services.

   2. Lack of movement in Oil markets suggest that investors don’t see further escalation in the conflict between Israel and Iran.

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