Why Ford Stock Is Higher Today
Shares of Ford Motor Company (NYSE: F) were moving higher on Thursday, after Wall Street reacted positively to Ford's Wednesday briefing on its electric-vehicle (EV) and business plans.
As of 10:30 a.m. EDT today, shares were up about 5.7% from Wednesday's closing price.
Ford on Wednesday addressed a number of analysts' concerns about its plans to transition to zero-emission, connected vehicles. In a series of presentations by senior executives, the company said that it will spend at least $30 billion by 2025 as it prepares to mass-produce its own batteries and launch EVs built on two new architectures.
Source Fool.com
