Ford Releases Strong Q3 Vehicles Sales Results, Shares Slide
Portfolio Pulse from Adam Eckert
Ford Motor Co announced strong Q3 vehicle sales results, with total vehicle sales climbing 7.7% YoY and EV sales up 14.8% YoY. Despite the positive results, Ford shares slid 1.08% to $11.94. The company expects further sales increases in Q4, particularly from the F-150 Lightning, and plans to continue adapting its EV offerings to stay competitive.
October 04, 2023 | 1:57 pm
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Ford's strong Q3 sales results did not prevent its shares from sliding. The company expects further growth in Q4, particularly from the F-150 Lightning.
Despite strong Q3 sales results, Ford's share price slid, indicating that the market may have already priced in the positive results. However, the company's expectations for Q4 growth, particularly from the F-150 Lightning, could provide a boost to the stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100