How Ford failed to bottle Tesla’s EV magic

The all-electric version of the Ford F-150 pickup joins a long list of rivals that were touted as real threats to Elon Musk’s hold on the U.S. EV market. But so far, the Motor City has failed to capture the magic that has made the Model Y sport-utility vehicle the bestselling car in the world—electric or not. Ford Motor’s announcement this past week that it was ending this generation of the money-losing F-150 Lightning (along with refocusing its EV strategy) and taking a $19.5 billion hit wasn’t just a huge blow to Chief Executive Jim Farley. It was another blow,…