The Electric Vehicle Race
As Ford Motor Co. (NYSE:F) steers through the competitive landscape of electric vehicle production, the road is getting bumpier with each passing mile. The rearview mirror reveals a looming silhouette – General Motors (GM), gaining ground and ready to overtake.
According to Wedbush Securities’ respected analyst Dan Ives, Tesla’s dominance in electric vehicle sales is undeniable. Tesla’s impressive 462,890 deliveries in the third quarter of this year leave Ford’s 23,509 electric vehicles in the dust. While GM’s 32,095 EV sales secure its position in second place, Ford finds itself trailing behind, struggling to keep pace in the race.
Ives concedes that GM may not outstrip Tesla, but the battle for Ford is against GM to avoid slipping further into the rear. Ford’s recent addition of BlueCruise might just be the strategic boost needed to navigate through the challenging terrain ahead.
The Mighty Baja Raptors
While Ford faces turbulence in the electric vehicle sector, its Raptor truck sails smoothly, lauded by critics at MotorTrend. However, those eyeing a Raptor should fasten their seatbelts for a costly ride. The twin-turbocharged V6 engine variant kicks off at a hefty $61,995, with the V8 sporting a Whipple supercharger commanding a starting price of $64,995. For the elite, the Raptor’s high-end models soar into six-figure territory, a testament to its premium pedigree.
Investor Sentiment
Shifting gears to Wall Street, the chatter echoes a Moderate Buy consensus on Ford stock (F). Analysts reveal a mixed bag of sentiments with five Buys, nine Holds, and one Sell in the past three months, reminiscent of a crowded freeway during rush hour. Despite a dip of 7.04% in Ford’s share price over the past year, speculators foresee a potential 24.86% upside, with the average price target hovering at $12.82 per share.
For further insights into Ford’s performance on the stock market, investors are advised to delve deeper into analyst ratings to navigate the choppy waters ahead.
