Ford Stock Surges to 52-Week High Amid EV Strategy Shift
Ford Motor Company (F) shares jumped 12% to $13.84, marking a 52-week high as investors rallied behind its revised electric vehicle strategy and recovery roadmap. The automaker's third-quarter results revealed a $1.4 billion loss in its EV division—the largest since 2023—despite sales growth fueled by expiring tax credits.
CEO Jim Farley signaled a strategic pivot toward hybrids, citing weak U.S. EV demand with just 5% market penetration expected this year. The company is developing longer-range hybrid models and a cost-efficient EV platform while lowering its full-year profit guidance to $6–$6.5 billion.
Wall Street's response highlights a focus on Ford's operational restructuring over short-term earnings. The stock's performance reflects confidence in the automaker's ability to stabilize its business amid supply chain challenges and evolving consumer preferences.
