Hyperdrive
Ford’s Shares Close Above $20 for the First Time in 20 Years
Ford’s Mustang Mach-E First Edition electric vehicle at the Auto Shanghai 2021 show in Shanghai.
Photographer: Qilai Shen/Bloomberg
This article is for subscribers only.
Ford Motor Co. closed above the $20 mark for the first time in two decades, with a push toward electric vehicles and deft navigation of the semiconductor supply shortage helping to boost the automaker’s stock to new highs.
The stock closed up 4.46% at $20.15 on Monday, taking its gains this year to nearly 130%. That dwarfs even Tesla Inc’s 65% rally.