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.
Ford stock still climbing 📈
