Ford Stock Drops 20% in June Amid Sales Declines and Recalls
In June, Ford Motor's stock fell by 20.3%, reversing gains from May after the company reported a significant drop in vehicle sales, particularly for its electric models like Mustang Mach-E and F-150 Lightning. Despite new initiatives such as launching Ford Energy to enter battery storage markets, poor automotive performance weighed on investor sentiment.
Tickers: $F
Topics: automotive battery storage electric vehicles market performance