Ford Smashes $100 Billion Market Cap
– by Automobilnews.eu
Regardless of the naysayers, the actual fact is that Ford has seen a meteoric rise in worth, and looking out again, it virtually appears unbelievable. On March 23, 2020, through the top of the pandemic, Ford’s market worth stood at $15.90 billion. That determine rose to $38.91 billion a 12 months in the past, and as we speak, Ford is sitting on a 156 % year-on-year share worth development price. To place issues into perspective, Tesla, Ford’s largest EV rival, has a market cap of over $1 trillion. The EV large’s shares dropped by 4.7 % on Thursday following the removing of the Cybertruck’s 2022 launch date from the mannequin webpage. Farley has pledged to speculate over $30 billion into new EVs by 2030, and in line with some market specialists, will rapidly erode Tesla’s dominance within the native EV market.