A few days ago, buying a car network Buycar learned that as of the close of january 13, local time, the market value of Ford Motor Company exceeded $100 billion for the first time. On the same day, Ford Motor Company shares rose 5.7 percent to $25.87, a new high in more than 20 years, and finally closed at $25.02, up 2.3 percent year-over-year.
However, the market value of $100 billion is still far below its revenue, and its price-to-sales ratio is below 1 all year round, which is extremely rare in the head listed companies. According to the financial report, in the first three quarters of 2021, Ford Motor's operating income was $98.663 billion, an increase of 8.19% year-on-year. For the full year 2021, Ford sold 1.9 million vehicles, down 6.8 percent year-over-year.
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It is worth mentioning that the growth in Ford's stock price is driven by the company's plans to increase production of electric vehicles, including the Mustang Mach-E crossover and the upcoming F-150 electric pickup, and these efforts are part of Ford's transformation plan led by Ford CEO Jim Farley. Farley, who took over as CEO of Ford in October 2020, pledged that by 2030 Ford would invest more than $30 billion in electric vehicles, which include battery development.
Ford's stock price increase in 2021 surpassed that of new energy and traditional car companies such as Tesla and General Motors, with an increase of 136%. Ford's current market capitalization surpasses rivals General Motors (about $90 billion) and electric vehicle startup Rivian (about $75 billion), but still lags far behind Tesla (about $1.07 trillion).
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