Ford Motor Company Stock Up... Here's Why
Posted on Tuesday, January 4, 2022 at 3:44 PM
Dan Passarelli, CEO - Market Taker Mentoring
Today, despite tech stocks getting hit hard, there was a non-traditional tech stock that was up big. We saw Ford Motor Company stock up... Here's why.
Following in the footsteps of Tesla (TSLA), Ford is getting bigger into the electric vehicle or EV market. They announced today that they will nearly double production of their Ford F-150 Electric Trucks.
When we see the huge moves other EV makers have enjoyed, this is exciting for this traditional car company.
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