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Ford stock is on a tear. After rocketing in 2021, and a big start to 2022, here’s what could happen next.
Paul Ellis/AFP via Getty Images
One automotive stock is on fire as investors get more excited about rising electric-vehicle sales in the U.S. and rising EV production at the company.
The stock, of course, is
Ford Motor
(ticker: F). Ford has been out Tesla-ing
Tesla
(TSLA) lately. Ford stock ended Tuesday with a gain worthy of an Elon Musk smirk after Ford said it would double the annual production target of the all-electric F-150 pickup truck.
Ford stock surged 11.7% to $24.31 Tuesday, its highest close since Aug. 10, 2001, according to Dow Jones Market Data. The
S&P 500
slipped 0.1%, while the
Dow Jones Industrial Average
fell 0.6%.
Ford stock is now up 17% so far in 2022 after rising 136% in 2021. Tesla stock, for its part, is up 9% so far in 2022, after a 50% gain in 2021.
Investors may be wondering if Ford shares can keep rising. The answer, of course, is that depends on many factors, including Ford management decisions and the overall economy.
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