Ford F-Series truck sales earn $17B more than Tesla combined
Ford’s F-Series Pickup Truck, IncludingAnd this , The automaker has food stamps and has for decades. But how important pickup is to Ford is incredibly eye-opening.
Given how much Tesla is in the headlines for its market valuation – it is currentlyAccording to a new Ford-commissioned study by the Boston Consulting Group, the F-series pickup alone makes more money than the Tesla as a whole. Last year, Tesla reported $ 24.6 billion in revenue; Ford’s F-Series lineup generated revenue of $ 42 billion.
In terms of revenue from other companies, if Ford’s F-Series line was its own company, it would be larger than McDonald’s US operations, Starbucks’ global operations, and even Nike. The F-Series also makes more money for Ford than every major sports league in the United States. (In 2018, 32 NFL teams generated revenue of $ 14.48 billion, according to Statista.)
BCG also looked at how the F-series affects the American economy, and the results are equally impressive. The study shows that 900,000 F-series pickups manufactured last year directly support 500,000 jobs in production, suppliers and dealers in the US. And thanks to the F-Series, Ford contributes $ 100 billion to US gross domestic products each year, based on production and multiplier effects, such as dealer sales, after-sales service, and other positive ripples.
The data outlines whyA great deal for Ford, and highlights why the automaker can’t afford to miss a beat .