A shift in the tides is apparent as analysts paint a picture of Ford Motor Co. facing a formidable challenge from its archrival General Motors in the electric vehicle realm.
In the eyes of the esteemed Wedbush Securities analyst Dan Ives, Tesla stands as the reigning champion of electric vehicle sales with a monumental 462,890 deliveries in the third quarter of this year. In contrast, Ford managed to sell a mere 23,509 electric vehicles, while GM outpaced Ford with 32,095 EVs sold during the same period, securing Ford’s spot as the trailing third among major U.S. automakers.
While Ives concedes that GM may never outshine Tesla, he firmly believes that GM will maintain a comfortable lead over Ford in terms of EV sales. Could Ford’s recent introduction of BlueCruise be the much-needed ace up its sleeve?
The All-New Baja Raptors: A Pinnacle of Automotive Excellence
Over in the domain of trucks, Ford’s Raptor is basking in the limelight with glowing accolades from MotorTrend. Yet, for consumers eyeing a Raptor, be prepared to delve deep into your coffers. The base model, equipped with a twin-turbocharged V6 engine, kicks off at a hefty $61,995. Opting for the second model, which boasts a Whipple supercharged V8, will set you back $64,995. For those seeking the crème de la crème, high-end Raptor variants breach the six-figure territory.
Considering Ford Stock: A Prudent Investment?
Shifting focus to the stock realm, Wall Street pundits bestow a Moderate Buy consensus rating upon F stock, with a past three-month analysis revealing five Buy ratings juxtaposed against nine Holds and a solitary Sell. Despite enduring a 7.04% downturn in its share price over the past year, the average F price target of $12.82 per share showcases a promising 24.86% upside potential.
Seeking more insights into F analyst ratings? Explore further.
