CNBC's "Fast Money" A Massive Charge for Ford, and the CEO of a Biotech Up Nearly 500% this Year 12/15/25
Dec 15, 2025
Phil LeBeau, a well-known automotive reporter for CNBC, dives into Ford's shocking $19.5 billion write-off on its electric vehicle business and the company's shift toward hybrids. He discusses the implications for Ford's strategy, including changes to the F-150 Lightning and new energy storage plans. The conversation also touches on Terns Pharmaceuticals' promising cancer drug trial results and their upcoming pivotal trials, spotlighting the biotech sector's dynamic growth.
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Ford Pivot: From Full EVs To Hybrids And E-Rev
- Ford will take a $19.5 billion EV impairment and pivot toward hybrids and extended-range EVs.
- Management expects 50% of global sales to be hybrids, E-Rev, and EVs by 2030, refocusing on affordability and ROI.
Smaller, Cheaper EVs Are Ford’s New Bet
- Ford plans smaller, lower-priced pure EVs and extended-range Lightning replacements rather than large high-end EVs.
- November EV sales fell sharply, underlining the need to target suburban/urban customers with lower-priced models.
Battery Manufacturing Could Be An Energy Storage Play
- Ford sees a new revenue channel by making batteries and entering stationary energy storage.
- Executives are exploring where to sell storage units while keeping US battery production.