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Tuesday, January 25, 2022

Why Ford stock is surging beyond GM, Rivian

The shares have been on a tear since Farley became CEO 15 months ago, after falling to a 10-year low under his predecessor. Farley accelerated Ford’s shift to electric and autonomous vehicles. He has pledged that Ford will build 600,000 EVs a year by 2024 with more to come from battery and assembly plants the company is building in Tennessee and Kentucky.

Investors “seem to like that we’ve come up with a way to execute the product in a way that it’s in high demand,” Farley said. “Although I’m extremely thankful for the recognition of the team’s hard work, in my mind, we’re just getting started.”

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