Ford's EV, Hybrid Sales Surge In November: F-150 Lightning Leads The Pack
Portfolio Pulse from Anan Ashraf
Ford Motor Co (NYSE: F) reported a 43.2% increase in electric vehicle sales and a 75.2% increase in hybrid vehicle sales in the U.S. for November, despite a 0.5% decline in overall sales year-on-year. The F-150 Lightning led the EV sales with a 113% jump, while the Mustang Mach-E also saw a rise in sales. However, the E-Transit van experienced a 58.6% drop in sales. After a strike, production ramped up in November, with the F-150 being the most produced model. Ford's EV unit posted a $1.3 billion EBIT loss for Q3, contributing to a nine-month loss of $3.1 billion, leading to a delay in a $12 billion EV investment.
December 05, 2023 | 3:51 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ford's surge in EV and hybrid sales, led by the F-150 Lightning, indicates strong demand for its electric lineup, despite a slight decline in overall sales and a significant EBIT loss for the EV unit.
The positive sales performance in Ford's EV and hybrid segments, particularly the F-150 Lightning, is likely to be viewed favorably by investors, signaling growth potential in the EV market. However, the overall sales decline and reported EBIT losses in the EV unit could temper investor enthusiasm, suggesting a cautious optimism for the short term stock performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100