Ford’s EV blunder reinforces decision to drop stock if no progress

Ford CEO Jim Farley pats a Ford F-150 Lightning truck just before announcing at a press conference that Ford Motor Business will be partnering with the world’s greatest battery company, a China-based company referred to as Contemporary Amperex Engineering, to make an electric powered-motor vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan.

Bill Pugliano | Getty Pictures Information | Getty Photographs

Ford Motor (F)’s final decision to halt output and shipments of its electrical pickup truck even further undermines our self-confidence in the automaker. We have minor endurance left for much more missteps and are all set to ditch this prolonged-held holding if there is not a substantial turnaround this quarter.