In the past year, with the blessing of new energy dividends, the stock prices of new energy-related car companies have soared, and Tesla has become the world's first car company with a market value of more than one trillion US dollars. For Ford, its stock price also has a bright performance. The company's shares hit a 52-week high in early trading thursday, with a market capitalization of more than $100 billion for the first time ever, and the intraday share price rose more than 5 percent at one point, while it rose more than 60 percent in the past six months.
Ford F-150 Lightning
Ford's plan to increase production of electric vehicles has driven the company's stock price higher. Ford plans to double production of its electric pickup F-150 Lightning to 150,000 units this year and says it has booked more than 200,000. It's also part of a "Ford+" transformation initiative led by the company's CEO, Jim Farley.
Tesla Cyberruck
In addition to Ford's own increase in electric pickup production, competitor Tesla's "crotch pull" has also played a certain role in assisting. According to previous media reports, Tesla's Cyberruck website removed cyberruck's 2022 production date. It is reported that the production date of Tesla's Cyberruck electric pickup has been postponed to the end of 2022, and mass production may have to wait until the end of 2023. This also makes the Ford F-150 Lightning one of the few electric pickup models currently on the market. In terms of total market capitalization, Ford's current market value has exceeded its old rival General Motors of about $90 billion and The $75 billion electric vehicle startup Rivian, ranking second among U.S. car companies, but there is still a big gap from Tesla of $1.04 trillion.