Ford Motor‘s inventory jumped 8.5% Wednesday throughout CEO Jim Farley’s first investor day as shareholders welcomed the automaker’s new “Ford+” plan geared toward rising income and aggressively increasing into new high-tech segments.

Executives additionally laid out clear gross sales forecasts for electrical autos in addition to revenue and different monetary targets that Wall Road can use to gauge the corporate’s progress.

“Backside-line, we really feel significantly better in regards to the extra cohesive technique as Ford is specializing in their strengths,” RBC Capital Markets analyst Joseph Spak wrote in a notice Thursday upgrading the automaker to outperform. “Ford nonetheless must execute, however the upside alternative is clearer to us.”

Barclays analyst Brian Johnson stated the brand new “Ford+ plan solutions most investor issues,” particularly round EVs and margin enhancements.

However Ford did not handle each matter analysts have been hoping could be coated. Particularly, extra particulars on its future EV lineup, autonomous automobile enterprise and when the corporate plans to reinstate its coveted dividend.

This is extra on the hits, misses and every thing in between that buyers ought to know after Ford’s investor day:

The corporate stated it is forecasting an 8% adjusted revenue margin earlier than curiosity and taxes in 2023 — earlier than many analysts anticipated.

Farley’s predecessors, Jim Hackett and Mark Fields, promised the identical, however they by no means delivered.

Ford stated it expects to extend income from its business enterprise to $45 billion by 2025, up from $27 billion in 2019. That features “{hardware} and adjoining and new companies that is addressable by Ford.”

The automaker will create “Ford Professional,” a brand new automobile companies and distribution enterprise throughout the automaker “dedicated to business and authorities clients.”

“Ford is already very sturdy right here, however is now providing a extra compelling product by way of electrification and connectivity that may improve their share on this worthwhile section,” Spak stated.

Ford plans to exceed Tesla in gross sales of autos able to vital distant updates by July 2022 and expand to 33 million over-the-air-enabled Ford and Lincoln autos by 2028.

Such a linked fleet might be aggressive with its largest American rival, General Motors, which has stated it expects greater than 7 million of its autos globally to be able to OTA updates by 2023.

Ford stated it’s engaged on an array of recent battery applied sciences and expects the price of its cells that energy EVs to be beneath $100 per kilowatt hour by mid-decade, adopted by $80 per kWh by the top of this decade.

That may considerably decrease the price of EVs, which is considered as a big hurdle for mass adoption. In accordance with Cairn Energy Research Advisors, the trade common is about $186 per kWh. Tesla leads at a mean of $142 kWh, in accordance with Cairn.

Some have been hoping Ford would be a part of GM in saying plans to go all-electric by a particular timeframe. GM CEO Mary Barra has stated the corporate will produce an all-electric fleet by 2035.

Ford did not go that far, however stated it expects 40% of its world gross sales shall be EVs by 2030 beneath an elevated $30 billion funding within the new applied sciences from 2016-2025.

There additionally stay questions surrounding its plans to proceed producing plug-in hybrid electrical autos, which Farley himself has referred to as transitional applied sciences.

Ford stated a brand new EV platform could be the bottom for EV variations of the Explorer SUV, Lincoln Aviator crossover and future “rugged SUVs.”

Some anticipate the latter shall be an EV model of its upcoming Bronco SUV. Ford confirmed a silhouette resembling the automobile on its new EV platform, however Hau Thai-Tang, Ford’s chief product platform and operations officer, later stated to not “learn an excessive amount of into it.”

Ford additionally stated it now has 70,000 reservations for its electrical F-150 Lightning following the pickup’s debut final week. That is up from 44,500 as of Friday morning, however far beneath reservations for Tesla’s upcoming Cybertruck, in accordance with CEO Elon Musk.

Ford CFO John Lawler reconfirmed the corporate’s plans to launch a business self-driving enterprise by 2022, nevertheless there wasn’t a lot dialogue about it aside from that.

Lawler and Farley stated extra particulars about Ford’s AV enterprise, together with Argo AI, which it collectively owns with Volkswagen AG, would come throughout a future occasion.

Lawler stated the corporate plans to “reinstate the dividend as quickly as sensible,” however famous the corporate is targeted on enhancing its enterprise, reinvesting and producing free money circulation in the intervening time.

He declined to present a particular timeline for the dividend to be reinstated. It was suspended March 2020 to shore up its money because the coronavirus pandemic brought about rolling shutdowns of auto crops globally.

– CNBC’s Michael Bloom contributed to this report.