TOPLINE Shares of Ford continued to move higher on Thursday—with the legacy automaker’s market value surpassing $100 billion for the first time ever—as more Wall Street analysts bet on the company successfully ramping up electric vehicle production. KEY FACTS Ford’s stock rose by nearly 4% to just over $25 per share, hitting a 20-plus-year high as excitement grows on Wall Street about the legacy automaker’s electric vehicle ambitions. With a market capitalization of just over $100 billion, Ford is now worth more than rival General Motors (around $90 billion) and electric vehicle startup Rivian ($75 billion)—though it still lags far behind Tesla with its more than $1 trillion market valuation. 2 electric vehicle maker in North America and then challenge the No. Ford’s stock is up 16% so far in 2022.

Source: The North Africa Journal January 18, 2022 22:05 UTC