Ford Exec Says EVs Are Growing But At A Slower Pace, Says Tremendous Downward Pressure On EV Prices Right Now
Portfolio Pulse from Benzinga Newsdesk
A Ford executive has stated that the growth of electric vehicles (EVs) is slower than expected, and there is currently significant downward pressure on EV prices.
October 26, 2023 | 9:02 pm
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Ford's executive's comments indicate a slower growth in the EV market and downward pressure on prices, which could impact Ford's revenues and stock price.
The comments from Ford's executive indicate a slower growth rate in the EV market, which could lead to lower sales volumes for Ford's EVs. Additionally, the downward pressure on EV prices could lead to lower revenues per unit sold. Both these factors could negatively impact Ford's revenues and, consequently, its stock price.
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