The Clap
Ford Motor’s stock in July had its best month since the Great Recession.
The Deets
The stock increased 32% during July, the best monthly percentage gain for Ford’s shares since a 127.4% surge in April 2009.
Ford’s stock performance in July was driven by a number of product-related announcements, most notably that it has secured battery supplies for its upcoming electric vehicles.
In addition to that, the company’s strong Q2 earnings pushed for a 14.6% increase in stock price.
Ford compared to others
Ford significantly outperformed GM, Stellantis, Ferrari, and Toyota Motors. It failed to outperform others such as Rivian and Tesla.