What's Going On With Ford Motor Stock On Tuesday?
Portfolio Pulse from Nabaparna Bhattacharya
Ford Motor Company (NYSE:F) shares are trading lower on Tuesday despite a significant increase in electric and hybrid vehicle sales for May. The company also started mass production of the all-electric Ford Explorer in Europe. However, the Model E electric vehicle unit is experiencing substantial losses.
June 04, 2024 | 4:19 pm
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Ford's shares are trading lower despite a 64.7% increase in EV sales and the start of mass production of the all-electric Ford Explorer in Europe. The Model E unit is facing significant losses, which may be contributing to the stock's decline.
Despite positive news on EV and hybrid sales growth and the start of mass production of the all-electric Ford Explorer, the stock is trading lower. This decline is likely due to the significant losses reported by the Model E electric vehicle unit, which may be overshadowing the positive sales figures.
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