Ford's US Sales Edge Up In Q3; EV Sales Continue To Climb
Portfolio Pulse from Nabaparna Bhattacharya
Ford Motor Company reported a 4% increase in U.S. retail sales for Q3, with a 12.2% rise in EV sales, making it the second-largest EV brand in the U.S. Despite these positive sales figures, Ford's stock is trading lower. The company also leads in several vehicle categories and has seen a 30% increase in subscriptions to its Ford Pro Intelligence software. Ford is seeking government subsidies in the UK to boost EV sales.
October 02, 2024 | 3:37 pm
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NEGATIVE IMPACT
Ford's Q3 U.S. sales increased by 4%, with a notable 12.2% rise in EV sales. Despite these gains, Ford's stock is trading lower, down 2.47% to $10.49. The company is also seeking UK government subsidies to boost EV sales.
Despite positive sales figures, Ford's stock is trading lower, indicating investor concerns or broader market trends affecting the stock. The request for UK subsidies suggests challenges in the EV market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
First Trust Nasdaq Transportation ETF, which includes Ford, may be impacted by Ford's stock decline despite positive sales figures.
FTXR includes Ford, and the decline in Ford's stock could negatively impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Invesco S&P Ultra Dividend Revenue ETF, which includes Ford, might be affected by Ford's stock decline despite strong sales performance.
RDIV includes Ford, and the decline in Ford's stock could negatively impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50