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What’s Going On With Ford Shares

Ford Motor Co (NYSE: F) shares are trading lower by 1.31% to $11.72 Friday morning. Shares of auto companies are trading lower on downward momentum and in possible sympathy with Tesla Inc, which this week fell after reporting a profit decline.
byHenry Khederian
April 21, 2023
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Ford Motor Co (NYSE:F) shares are trading lower by 1.31% to $11.72 Friday morning. Shares of auto companies are trading lower on downward momentum and in possible sympathy with Tesla Inc, which this week fell after reporting a profit decline. Weakness in Tesla has weighed on EV-related stocks this week.

See Also: Ford Takes On Tesla In Norway With F-150 Lightning Launch

What Happened With Tesla?

Tesla this week reported revenue of $23.33 billion for the first quarter, up 24% year-over-year. The revenue total came in ahead of a Street estimate of $23.21 billion, according to data from Benzinga Pro.

Total automotive revenue was $19.96 billion in the first quarter, up 18% year-over-year…Read More

F has a 52-week high of $16.68 and a 52-week low of $10.61.

 
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