Jim Cramer on F-150 Lightning - Ford Has Never Seen This Kind of Demand

Ford is doubling down on its bet on the all-electric Ford-150 Lightning, investing $250 million in its Rouge Electric Vehicle Center, Van Dyke Electric Powertrain Center and Rawsonville Components Plant.

Ford, in a press release Thursday, said the investment will help the company increase production to 80,000 trucks a year.

The company has reported over 150,000 preorders for the electric truck.

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In the video above, Jim Cramer couldn't hid his enthusiasm for the F-150. "Ford's never seen this kind of demand for a product," Cramer said. 

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Ford is a holding in Jim Cramer's Action Alerts PLUS charitable portfolio.