Ford Stock Storms to Best Day in 10 Years & Races Past Tesla Trainwreck

2019-4-27 01:04

By CCN: The stock price of Ford Motor Company leaped by a staggering 10. 7 percent on Friday, allowing the company to achieve a $41 billion valuation and overtake upstart competitor Tesla in total valuation.

Two key fundamental catalysts of Ford’s rebound in the first quarter of 2019 were the firm’s profitability in Europe after nine months of net losses and strong sales of pickups in the U. S. In 2018, Ford brought in a revenue of $160 billion, nearly eight times Tesla’s annual revenue in the same year. Ford Pounds Higher on Blockbuster Quarter Since the appointment of James Hackett in

The post Ford Stock Storms to Best Day in 10 Years & Races Past Tesla Trainwreck appeared first on CCN

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Источник: ccn.com

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