Ford Motor Stock Makes An Outstanding Move Within A Month: A Bullish Move?

Within a month, Ford’s stock is constantly gaining momentum; precisely a month ago, the price was closed at the mark of $12.69. However, today it has already reached a mark of $16.40 by composing 29% profit. Ford Motor Company is set to release earnings on October 27, 2021. During their last earnings release, the company posted EPS of $0.85.

Ford is also promoting electric vehicles. Moreover, On Monday, the company stated that the Mustang Mach-E, built-in Chongqing, China, came off the manufacturing line with open orders. The Mustang Mach-E is a vital vehicle for Ford in its drive to dethrone Tesla, which dominates China’s luxury automobile market. The electric crossover is set against Tesla’s Model Y backdrop, which is manufactured in Shanghai.