Ford Motor’s CEO, Jim Farley, and Tesla’s CEO, Elon Musk, have joined forces to host an exclusive and groundbreaking discussion focused on propelling the adoption of electric vehicles across North America. This highly anticipated event is scheduled to commence at 5:30 p.m. Eastern Time (ET) and is expected to provide invaluable insights and knowledge for all attendees.
The CEOs, known for their visionary approaches and profound impact on the automotive industry, will be utilizing Twitter Spaces as the platform for this transformative conversation. Twitter Spaces, an audio-only feature on the popular social media platform, grants users the opportunity to partake in live audio discussions. Thus, anyone with a Twitter account can actively engage and listen in real time to this historic dialogue.
Ford Motor Company (NYSE: F) Shows Steady Stock Performance, Eyes Promising Future
Ford Motor Company (F) exhibited a stable stock performance on May 25, 2023. The stock opened at the previous day’s closing price of $11.33 and experienced a day’s range between $11.33 and $11.52 with a notable trading volume of 49,917,333 shares. Ford’s market capitalization stood at $46.6 billion.
Last year, Ford faced a significant decline in earnings growth at -110.98%. However, this year’s figures showed a relatively milder downturn at -5.85%. Encouragingly, analysts predict that Ford’s earnings growth over the next five years will rebound to a positive +1.61%. Furthermore, the company witnessed substantial revenue growth of +15.93% last year. The P/E ratio for Ford stood at 15.6, while the price/sales ratio was 0.30, and the price/book ratio was 1.07.
Today, Ford’s stock displayed a slight upward trend, increasing by +0.43% or $0.14 compared to the previous day’s close.
Looking ahead, Ford is scheduled to release its next earnings report on July 26, 2023, with an estimated EPS (earnings per share) forecast of $0.46 for this quarter.