Teslarati By Joey Klender 1/13/2022
Ford Motor Company (NYSE: F)captured a $100 billion market capitalization earlier today as shares surged over 4% on Thursday. Ford’s stock has increased in value by over 269% since CEO Jim Farley took his post as head of the automaker in October 2020.
Ford’s planned production increases of both the F-150 Lightning and Mustang Mach-E, two of its first three fully electric vehicles, have been the momentum behind the stock’s most recent increases. As for the steady climb since Farley’s takeover of Ford nearly a year-and-a-half ago, the company’s transitioning narrative has pointed closer to a fully-electric future, void of combustion engines.
Ford is the fifth most-valuable automaker in the world, surpassing Daimler and General Motors. BYD is more valuable than Ford by only $15 billion and has steadily caught up to the Chinese company due to a steady decrease in its stock. BYD shares were down less than 0.5% on Thursday at the time of writing, which was 1:35 PM EST.
More:
https://www.teslarati.com/ford-100-billion-market-cap-farley-effect/
