Technically speaking, Ford (NYSE: F) stock rose on Tuesday. However, its 0.2% gain was barely noticeable on the speedometer. The market's hesitation was connected with potentially ominous news from a rival that's posing an increasing competitive threat.

That morning, Reuters reported that electric-vehicle (EV) king Tesla (NASDAQ: TSLA) intends to begin the mass production of its Cybertruck pickup. Citing "two people with knowledge of the plans," the news agency said that this should occur at the end of 2023. Previously, the company said it was aiming for an early production stage for Cybertruck in the middle of that year.

This could potentially affect Ford, as the incumbent carmaker has not yet launched mass production of its own EV pickup, the F150 Lightning. This model has garnered much interest from both consumers and green-vehicle advocates.

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Source Fool.com