It is with pride that the CEO of Ford, Jim Farley, posed in recent months. Leaning on the future F-150 Lighning many times, the man can thank its electric pickup that has just enabled Ford, for the first time in 20 years, to reach 100 billion market capitalization.
Thanks to its plans for the electrification of its range, which is already attracting customers, Ford has continued to achieve exceptional growth in the financial markets. Its progression has not stopped since the end of March 150. In less than two years, the Detroit manufacturer has seen its stock jump by 150%.
Ford, the best performing stock in the automotive sector
Late Thursday morning in the United States, Ford’s stock was still up more than 4% while that Deutsche Bank was designating the company as one of its top choices for investing in automakers for 2022. It must be said that in 2021, Ford was placed as the best performing stock in the automotive sector, ahead of Tesla (50% increase in twelve months).
Tesla may well fly over Ford, with a stratospheric valuation of more than 1000 billion dollars, the American General Motors remains behind at 90 billions of dollars. In France, Stellantis (which bought the FCA group from Fiat) weighs 59 billion dollars and the Renault Group for less of 10 billion.
2022 is just getting started, but already Ford has reiterated its investment targets for its electric future, with more than 30 billion injected into the industry by 2025. That same year, Ford says it will reach production of one million electric cars per year.
In reference to Tesla, which already produces and delivers 150 000 copies of its cars in 2021, Ford said that during “over the next two years, Ford aims to become the second-largest electric vehicle maker in North America, and then challenge for the top spot”. The revenge of a traditional manufacturer, from the Great Lakes region, on a Californian startup, which has become Texas.