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Why Ford Stock Popped Today
General Motors (NYSE: GM) got a lot of press for its investor day yesterday, but it is Ford’s (NYSE: F) stock that is leading the way today, climbing as much as 5.9%. Yesterday, CNBC reported that GM told investors it was heading full bore into the world of electric vehicles, and with a recurring revenue strategy, it expects it to double annual sales by 2030. Ford announced last week that it is investing more than $11 billion to build an EV and battery manufacturing “mega campus” in Tennessee, as well as two other battery plants in Kentucky, along with Korean partner SK Innovation.
