Why Ford Couldn't Keep Tesla Stock From Popping Today
Ford Motor Company (NYSE: F) stock enjoyed a modest tailwind Thursday, closing the day up 3.1% after announcing that its new electric F-150 Lightning pickup truck will go on sale next year for the low, low price of $39,974. That's just $74 more than Tesla (NASDAQ: TSLA) says it will sell its Cybertruck for, and with Ford beginning sales in 2022 -- but Tesla not saying when its Cybertruck will arrive -- Ford's F-150 Lightning might even beat Cybertruck to market.
And yet, while it was Ford that made the headlines, it was Tesla stock that went up more today: 4.1%.
Tesla's Cybertruck. Image source: Tesla.
Source Fool.com
