The automaker reported an 11 percent jump in revenue for the first three months of the year compared with a year earlier.
Deliveries of the F-150 Lightning, Ford’s most important new vehicle in many years, will begin in the coming week, it said.
Mr. Musk has been building a stake in the social media company and last week made an unsolicited offer to acquire it outright.
The boutique British carmaker, known for lightweight sports cars more than supermarket runs, is planning to expand production substantially as it goes fully electric.
The electric carmaker had to close an important factory in Shanghai because of China’s efforts to stamp out a coronavirus outbreak.
Ford’s chief executive is about to introduce an electric F-150 pickup truck that could determine whether the automaker can survive and thrive in an industry dominated by Tesla.
If adopted, the new measures would make a dent in the state’s greenhouse gas emissions and set the bar for the broader auto industry.
Under pressure to cut emissions, truck manufacturers are choosing between batteries and hydrogen fuel cells. Wagering incorrectly could cost them billions of dollars.
Soaring fuel prices and climate change concerns are driving demand for the vehicles in Australia, as elsewhere. But they are particularly hard to find here.
Prices at the pump have apparently given some Americans second thoughts. But two practical problems remain: not enough cars and relatively few charging stations.