Ford’s $30 Billion Gamble on EVs Fails to Pay Off: Stocks Plunge to Two-Year Low

By Douglas McIntyre  •  August 15, 2024

Doug McIntyre discusses the troubles facing Ford Motor Company as its stock hits a two-year low. Despite a $30 billion investment in electric vehicles (EVs), sales of Ford’s iconic models like the F-150 Lightning and Mustang Mach-E have disappointed. Consumers still prefer gas-powered versions of these vehicles, leaving Ford struggling to compete with Tesla. McIntyre suggests that Ford’s massive investment in EVs may have been a misstep, and he predicts that the company’s stock will continue to struggle.

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