CEO of Ford Bravely Admits Truth, Despite Controversial Outcome

Ford Stock

Ford’s (F:NYE) recent quarterly earnings report revealed a 17% increase in revenue to $44 billion, surpassing analyst expectations.

Despite the positive news, the company’s CEO, Jim Farley, was candid about past mistakes, causing a dip in stock price. However, Ford is taking steps to rectify its challenges and capitalize on the growing EV market.

The U.S. Treasury Department’s recent changes allowing more of Ford’s EVs to qualify for $7,500 tax credits will benefit both the company and its customers.

Additionally, Ford is ramping up production of its electric Mustang Mach-E SUV and reducing its prices, showing a commitment to the EV market. The average Ford stock price target is $14.88, with the potential for a 4.8% gain.

 

Ford Stock Price Analysis:

Ford stock has an average target price of $14.88, based on predictions from 14 analysts. The company has received a “Buy” rating on average and Stock Target Advisor’s analysis indicates a “Slightly Bullish” outlook, factoring in 8 positive signals and 6 negative signals. The current Ford stock price is $13.45 and has seen a recent change of -0.44% in the past week, a rise of 6.92% in the past month, and a decline of 24.82% over the past year.

 

Company Profile:

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments.

The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments. It also engages in vehicle-related financing and leasing activities to and through automotive dealers.

In addition, the company provides retail installment sale contracts for new and used vehicles; and direct financing leases for new vehicles to retail and commercial customers, such as leasing companies, government entities, daily rental companies, and fleet customers.

Further, it offers wholesale loans to dealers to finance the purchase of vehicle inventory; and loans to dealers to finance working capital and enhance dealership facilities, purchase dealership real estate, and other dealer vehicle programs. The company was incorporated in 1903 and is based in Dearborn, Michigan.

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