Is Ford Stock Finally a Buy?
Ford Motor (NYSE: F) often takes the backseat to larger rivals like Tesla and General Motors, which dramatically exceed their sales volumes and market caps. The company's stock has also historically been a somewhat lackluster investment, with its price barely budging over the last 30 years.
But Ford's management hasn't been asleep at the wheel as the company seeks to carve out a niche for itself in the fast-growing market for electric vehicles (EVs). Let's discuss whether or not these efforts will be enough to overcome all the automaker's challenges.
Ford is a business in transition. Since 2018, its management has embarked on a massive global restructuring designed to streamline the company by focusing on the most profitable opportunities. This process has involved exiting underperforming markets, cutting thousands of redundant positions, and discontinuing lower-margin product lines, such as sedans, in favor of trucks and SUVs.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 76 Buy predictions and 27 Sell predictions.
With a target price of 247 € there is a positive potential of 28.5% for Tesla Inc compared to the current price of 192.22 €.