Jim Cramer reversed his stance following Ford Motor Co.‘s 17% price reduction for its F-150 Lightning electric pickup truck. <br /><br />What Happened: Ford’s decision to cut prices can be attributed, at least in part, to the diminishing novelty of electric vehicles among many Americans, Cramer reportedly said.<br /><br />Cramer, the host of CNBC’s Mad Money, also raised concerns about the potential for a cost-cutting spiral. <br /><br />“One thing we do know after today is the bloom may be off the electric vehicle rose,” he remarked. <br /><br />This had to happen eventually when there is mass adoption, Cramer said, adding “it just happened a little earlier than I expected.”
