Today Xiaobian came to share the latest information with you. According to foreign media reports, in 2021, Ford's stock price rose by about 140%, thus beating Tesla, General Motors and a large number of electric vehicle startups, becoming the highest growth car stock last year.
A few days ago, Ford Motor Co., Ltd. reportedly surged nearly 140% last year, beating Tesla, General Motors and many new electric vehicle startups to become the best-performing stock among automakers in 2021.
Ford's biggest one-day gain last year occurred on Dec. 10, when Farley confirmed on social media that It would triple production of its electric vehicle, the Mustangch-E, to more than 200,000 units a year in North America and Europe by 2023. Ford shares surged 9.6 percent that day to close at a 20-year high of about $21.45 per share.
Farley has promised to be more open and transparent to investors, and he has also launched a "Ford Plus" restructuring program to shift more resources to manufacturing electric vehicles, such as the upcoming F-150 Lightning pickup EV.
In the 15 months since Farley took office, Ford shares have risen more than 200 percent. Market watchers say that this rally will continue if the company can achieve its Ford+ plan and achieve an adjusted EBIT margin of 8% by 2023.
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