Nasdaq F Ford

Ford Motor Co reported a 6.8% fall in 2021 U.S. vehicle sales on Wednesday, as the automaker struggled to deliver its cars and trucks due to lingering supply-chain bottlenecks and a global chip shortage.

(RTTNews) - Ford Motor Co. (F) said that its total U.S. sales for the month of December 2021 declined 17.1% to 173,740 vehicles from 209,520 vehicles in the same month last year. Retail sales for the month were down 19.9% over a year ago.

Ford Motor Company (NYSE: F), one of the top EV stocks on TipRanks, has revealed its plan to nearly double the production of its F-150 Lightning pickup at the Rouge Electric Vehicle Center in Dearborn to 150,000 trucks annually. 

Following the news, shares of the American multinational automobile manufacturer jumped 11.7% to close at $24.31 on Tuesday. 

Through the increased production, the company will cater to the high demand for its F-Series, the first all-electric version of America’s best-selling vehicle. Notably, from Thursday, the first phase of reservations will be converted into orders for the F-150 Lightning, and gradually, all reservations will be converted in a phased manner over the next few months. 

Official Comments 

President of the Americas & International Markets Group at Ford Motor, Kumar Galhotra, said, "With nearly 200,000 reservations, our teams are working hard and creatively to break production constraints to get more F-150 Lightning trucks into the hands of our customers.” The reality is clear: People are ready for an all-electric F-150 and Ford is pulling out all the stops to scale our operations and increase production capacity." 

Moves to Ramp Up Production 

Staff at various units, including manufacturing, purchasing, strategy, product development, and capacity planning are looking for ways to ramp up production.  

Additionally, Ford is in discussions with its key suppliers and own manufacturing facilities to find ways to enhance the production capacity of battery cells, battery trays, and electric drive systems. 

Future Plans 

Ford has committed to invest over $30 billion in electric vehicles through 2025, with the aim of establishing the top position as an electric vehicle maker in North America over the next two years. Markedly, within 24 months, Ford’s global production capacity is likely to be 600,000 battery-electric vehicles annually. 

Along with ramping up production of the Lightning, Ford recently disclosed its plan of tripling Mustang Mach-E production and expects to reach more than 200,000 units per year by 2023. Also, Ford’s all-electric van, the 2022 E-Transit, will be available for sale early this year. 

Markedly, Ford is also modernizing some of its auto production facilities, with a total investment of $11.4 billion. 

Wall Street’s Take 

On January 4, Bank of America Securities analyst John Murphy maintained a Buy rating on the stock and lifted the price target to $26 (6.95% upside potential) from $22.  

The rest of the Street is cautiously optimistic about the stock, with a Moderate Buy consensus rating based on 9 Buys, 5 Holds, and 3 Sells. The average Ford price target of $19.88 implies 18.22% downside potential from current levels. Shares have gained 71.7% over the past six months. 

Website Traffic  

TipRanks’ Website Traffic Tool, which uses data from SEMrush Holdings (NYSE: SEMR), the world’s biggest website usage monitoring service, offers insight into Ford’s performance this quarter.  

According to the tool, the Ford website recorded an 8.62% increase in global visits in November compared to the same period last year. In contrast, a quarter-to-date comparison showed a decline of 0.76% compared to Q4 2020, while year-to-date website traffic growth stands at 11.58%. 

Download the TipRanks mobile app now

Related News: 
Jazz Awarded Orphan Drug Exclusivity for Xywav 
Amyris & ImmunityBio Conclude Joint Venture; Shares Jump 
Genprex Granted Fast Track Designation for REQORSA; Shares Jump 167%

Ford Motor Co on Wednesday posted a 6.8% fall in 2021 U.S. vehicle sales, after the automaker was forced to delay deliveries due to lingering supply-chain bottlenecks and a global chip shortage.

In 2021, Ford (NYSE: F) stock rose to a level not seen in the last two decades. The stock rose 136% during the year. So, what got investors suddenly excited about this old automaker, and will the momentum sustain in the new year? Let's discuss what's next for the Blue Oval.

The NASDAQ 100 Pre-Market Indicator is down -68.87 to 16,210.86. The total Pre-Market volume is currently 18,343,446 shares traded.The following are the most active stocks for the pre-market session: Connect Biopharma Holdings Limited (CNTB) is -0.25 at $5.45, with 2,483,443 sha

Investors seeking a measure of stability from a stormy stock market roiled by omicron and inflation fears should consider Verizon Communications (NYSE: VZ). The telecom titan has steadfastly weathered an array of challenges during the pandemic era, from store shutdowns in 2020 to

Electric vehicle (EV) stocks have wasted no time in 2022 making a splash. Tesla (NASDAQ: TSLA) reported its fourth-quarter and full-year 2021 production and delivery numbers on Sunday, blowing expectations out of the water and launching the stock to within striking distance of it

Tuesday was a remarkable day on Wall Street. A huge disparity showed up in the market, with the Dow Jones Industrial Average (DJINDICES: ^DJI) moving higher to new records while the S&P 500 (SNPINDEX: ^GSPC) eased lower and the Nasdaq Composite (NASDAQINDEX: ^IXIC) saw a shar

The Dow Jones Industrial Average reached a record closing high on Tuesday for a second straight day as financial and industrial shares rallied, while the Nasdaq fell.

The Dow Jones Industrial Average scored a record closing high on Tuesday for a second straight day as financial and industrial shares rallied, while the Nasdaq fell.

The NASDAQ 100 After Hours Indicator is down -20.23 to 16,259.5. The total After hours volume is currently 103,034,793 shares traded.The following are the most active stocks for the after hours session: Bank of America Corporation (BAC) is -0.14 at $47.85, with 5,081,320 shares

The Dow Jones Industrial Average scored a record closing high on Tuesday for a second straight day as financial and industrial shares rallied, while the Nasdaq fell.

Consumer stocks were ending broadly mixed on Tuesday, with the Consumer Staples Select Sector SPDR ETF (XLP) climbing 0.8% while the Consumer Discretionary Select Sector SPDR (XLY) fell 0.5%.

The Nasdaq and S&P 500 fell in afternoon trading Tuesday along with shares of big growth names, while the Dow Jones Industrial Average rose as bank stocks surged with U.S. Treasury yields.

Ford Motor Company (NYSE: F) is traditionally a slow-moving stock -- but not Tuesday. Shares have surged by more than 10% since the company announced this morning that it is preparing to boost its production capacity for the upcoming F-150 Lightning electric pickup to about 150,0

Ford Motor Co said on Tuesday that it will nearly double annual production capacity for its red-hot F-150 Lightning electric pickup to 150,000 vehicles as the model has already attracted nearly 200,000 reservations ahead of its arrival this spring at U.S. dealers.

Consumer stocks were mixed in Tuesday trading, with the Consumer Staples Select Sector SPDR ETF (XLP) climbing 0.7% while the Consumer Discretionary Select Sector SPDR (XLY) fell 0.6%.

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Goldman Sachs Group Inc (Symbol: GS), where a total volume of 70,096 contracts has been traded thus far today, a contract volume which is representative of appro

Intel Corp's autonomous driving unit, Mobileye, said on Tuesday it plans to work with Geely Holding-backed Zeekr to launch in China what the companies claim will be the world's first mostly self-driving car in 2024.