News

Why Ford Stock Is Up By 3% Today

Motley Fool

Why Ford Stock Popped Today

General Motors (NYSE: GM) got a lot of press for its investor day yesterday, but it is Ford’s (NYSE: F) stock that is leading the way today, climbing as much as 5.9%. Yesterday, CNBC reported that GM told investors it was heading full bore into the world of electric vehicles, and with a recurring revenue strategy, it expects it to double annual sales by 2030. Ford announced last week that it is investing more than $11 billion to build an EV and battery manufacturing “mega campus” in Tennessee, as well as two other battery plants in Kentucky, along with Korean partner SK Innovation.

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

More in:News

Leave a reply

Your email address will not be published.

Next Article:

0 %