Business of the day: Ford
Ford (NYSE: F) on Wednesday unveiled its highly anticipated electric pickup truck, the F-150 Lightning. The truck costs less than $ 40,000 and will go on sale in the spring of 2022.
The electric vehicle market is expected to grow rapidly, driven by falling costs and attractive government incentives, and it’s important for Ford to bring the F-Series – its best-selling and lucrative line of vehicles – into the era. electric vehicles.
While Ford stock was largely flat in after-hours trading on Wednesday, investors generally give a premium to companies that execute their EV strategy well. Ford could see its valuation multiples rise if it succeeds in transitioning from full-scale models to electric transmissions.
See our full analysis for Ford
While Ford stock looks fairly valued, it helps to know how its peers rank. Comparison of Ford stocks with peers summarizes how Ford stacks up against its peers on the metrics that matter. You can find other useful comparisons at Peer comparisons.
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