What's Going On With Ford Stock?
Portfolio Pulse from Adam Eckert
Ford Motor Co (NYSE:F) has announced price cuts for its F-150 Lightning truck due to increased plant capacity, improved raw material costs for batteries, and continued work on scaling production. The price cuts range from $6,000 to $9,979 across different models. The company is set to report Q2 financial results on July 27, with earnings of 53 cents per share on quarterly revenue of $40.06 billion expected. Ford shares were down 1.13% at $14.81 at the time of publication.
July 17, 2023 | 12:58 pm
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Ford's stock price may be impacted by the announced price cuts for its F-150 Lightning truck. The company's Q2 financial results are also expected to influence the stock price.
The price cuts for the F-150 Lightning truck indicate that Ford is trying to increase its market share in the electric vehicle sector. This could potentially lead to increased sales, but it might also decrease profit margins in the short term. The upcoming Q2 financial results will also likely influence the stock price, depending on whether they meet, exceed, or fall short of expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100