Why Ford Is a Long-term Value Play
Supply chain issues have dented Ford's (NYSE: F) exterior, but strong demand for its trucks and electric vehicles could be setting the stage for unexpected growth for one of the world's oldest automakers.
Ford's stock had a stellar 2021. Shares rose 140%, partly thanks to investor enthusiasm for Ford's new direction under President and CEO Jim Farley, who's focusing on electric vehicles and investing in new technologies like batteries, software, and semiconductors. Moreover, its financials show Ford is on the right path, even if losses associated with the company's investment in Rivian left Q1 earnings weaker than expected.
Ford's F-150 Lightning Lariat EV truck. Image source: Ford Motor Company.
Source Fool.com
