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- Ford released their new F-150 Lightning electric pickup truck on Monday.
- The truck is a competitor to the Tesla Cybertruck which debuted in November 2019.
- Tesla CEO Elon Musk congratulated Ford CEO Jim Farley after the company hit 44,500 preorders.
- See more stories on Insider's business page.
Tesla CEO Elon Musk congratulated competitor Ford's CEO Jim Farley after they hit 44,500 reservations on their new electric truck in less than two days.
-Elon Musk (@elonmusk) May 22, 2021
On Wednesday, Ford debuted their new F-150 Lightning electric pickup truck. The car will go on sale in mid-2022 with a starting MSRP of $39,974 but with available options can run as high as $90,ooo.
It's available to reserve now with a $100 deposit.
In November 2019 Musk debut Tesla's Cybertruck, the company's first passenger truck. Five days after the debut Musk said there were 250,000 pre-orders for the truck.
The Cybertruck, which is made of stainless steel and features armored glass, runs roughly the same price as the F-150 Lightning, starting at $39,990 and rising as high as $76,900.
The two vehicles also have similar specs when it comes to size, range, and towing capacity.
Ford's latest electric offering already has a fan in President Joe Biden, however, who stopped by the company's Dearborn, Michigan, plant on Tuesday for a test drive.
"This sucker is quick," Biden said, before speeding down the facility's test track.