Why Ford Shares Jumped Monday
Shares of Ford (NYSE: F) jumped more than 2% Monday morning as the company works to position itself as a leader in the electric-vehicle (EV) space. The stock was still trading up 1.1% as of 11:45 a.m. ET.
Ford is slowly but surely working to challenge Tesla (NASDAQ: TSLA) head-on for leadership in the EV sector. Two recent areas where the company is working to improve are with Ford's driver-assistance system, as well as dealer costs. Ford said late last week that it will be offering its BlueCruise hands-free highway driving system with its 2023 Lincoln brand entry-level Corsair crossover.
Image source: Ford.
Source Fool.com
