If You Invested $10,000 in Ford in 2021, This Is How Much You Would Have Today
Value-focused investors have long been finding it difficult to wrap their head around the valuations of electric vehicle (EV) stocks. In 2021, Ford Motor Company (NYSE: F) stock joined this list of EV companies whose stocks seem to be defying gravity. Its stock price has risen to a level not seen in two decades. Let's discuss what's behind its steep rise and how it may fare going forward.
The automaker's stock rose 136% in 2021 and continues to rise in the new year, already up 21% so far in 2022. If you invested $10,000 in Ford's stock a year back, your investment would have risen to $25,630 as of this writing on January 17th.
Ford fared better than top rival General Motors (NYSE: GM) in the past year. Its vehicle deliveries for the year were less impacted by supply shortages than those of General Motors. However, that alone couldn't justify the stock's spectacular rise.
Source Fool.com
