Why Ford Motor Company Stock Is Up Today

Shares of Ford Motor Company (NYSE: F) were moving higher on Monday, up about 4.2% from Friday's close as of noon ET. 

Ford was one of many companies with exposure to the electric vehicle (EV) space to post gains in Monday morning's trading after EV giant Tesla (NASDAQ: TSLA) reported fourth-quarter deliveries that crushed Wall Street's expectations.

Tesla reported its Q4 delivery totals over the weekend, and they were very good: The company delivered 308,600 of its upscale EVs during the quarter, a record; Wall Street had expected deliveries of just 263,000. 

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Source Fool.com