Why Ford, GM, and Lordstown Shares All Tanked in February
Ford Motor Company (NYSE: F) and General Motors (NYSE: GM) have been trying hard to get people to think of them more and more as viable competitors in the electric vehicle market. The problem for shareholders is that investors have been treating them that way so far in 2022. Along with many pure-play electric vehicle names, the stocks of Ford and GM have plunged 19% and 28%, respectively, year to date.
That's not as bad as shares of some start-ups including Lordstown Motors (NASDAQ: RIDE), which has its own company-specific issues. But shares of all three had similar returns last month. The stocks of Ford, GM, and Lordstown were down 13.5%, 11.4%, and 14.3% (respectively) in February, according to data provided by S&P Global Market Intelligence.
A generator from a Ford F-150 Lightning charging a Mustang Mach-E. Image source: Ford Motor Company.
Source Fool.com
