Latest news with #ModelTMoment
Business Insider
6 days ago
- Automotive
- Business Insider
Ford Stock (NYSE:F) Slides on New Sales Numbers
It is a dark day when shareholders in legacy automaker Ford (F) respond to word of improved sales with a sell-off of their own. Because even as Ford managed to bring in some substantial new sales for July, that was not enough to properly fire up shareholders. In fact, shares were down nearly 3% in Friday afternoon's trading. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The sales numbers were terrific. There really is no other way to put it. Ford sales were up around 9% higher than in July 2024, thanks mainly to the still-high popularity of gas-powered trucks and sport utility vehicles (SUVs). And the impressive July numbers added nicely to the solid numbers that have been seen throughout 2025 so far, up about 7% total. The first half of 2024 saw around 1.2 million trucks sold, while 2025's first half gave us over 1.3 million. Trucks represented about 60% of the numbers, while SUVs kicked in the remaining 40%. The biggest reason, according to Ford rep Said Deep, is that the combination of tariff panic buying and employee pricing discounts provided just the right environment for people to buy, and buy Ford. This is indeed good news, but it is also enough to make one wonder what Ford will do for an encore when the third and fourth quarters hit. We've Had This Model T Moment Before So remember yesterday, when we heard about the ' Model T Moment ' that Ford has in mind for August 11? It turns out, reports note, that this is not the first time that CEO Jim Farley has used that phrase. In fact, Ford had a 'Model T Moment' just three years ago, in 2022, when the Ford F-150 Lightning emerged. And that particular moment left some disappointed. Certainly, the electric pickup proved a welcome addition to the lineup, and a frequent buy. But it certainly was nowhere near the iconic status of the car that brought cars to everyday life. And considering that reports have already emerged to say that the newest 'Model T Moment' will be built around an electric car, some are already preparing for disappointment. Is Ford Stock a Good Buy Right Now? Turning to Wall Street, analysts have a Hold consensus rating on F stock based on two Buys, 11 Holds and three Sells assigned in the past three months, as indicated by the graphic below. After a 10.37% rally in its share price over the past year, the average F price target of $10.18 per share implies 5.61% downside risk.
Tom's Guide
31-07-2025
- Automotive
- Tom's Guide
Ford will unveil a next-gen electric vehicle on August 11 — planning a 'Model T Moment'
Ford is promising to unveil a major electric vehicle in August that CEO Jim Farley described as a "Model T Moment" during a financial earnings call this week. As reported by InsideEVs, Farley said that car manufacturer will reveals its plans to build a "breakthrough" EV, alongside a new platform, during an August 11 event in Kentucky. "We will be in Kentucky to share more about our plans to design and build a breakthrough electric vehicle and a platform in the U.S," Farley said on the call. Despite taking nearly a $1 billion dollar hit thanks to tariffs, Farley said that the company's "skunkworks" team, under the direction of form Tesla engineer Alan Clarke, has been developing a more affordable EV for more than a decade. "This is a Model T moment for us at Ford, a chance to bring a new family of vehicles to the world that offer incredible technology, efficiency, space, and features,' Farley said. The original Model T is one of the early vehicles that pioneered mass-produced, affordable cars in the United States, putting the country on the path toward car culture. Previous reports from last year, indicated that Ford's skunkworks team was developing an electric platform that would undergird multiple vehicles including a compact SUV, small pickup truck and a delivery vehicle of some kind. The announcement comes at fraught time for electric vehicles in the United States. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. Tesla, the most well known electric vehicle manufacturer in the US, revealed its largest revenue drop in years, though that may largely be due to its CEO's largely unpopular political moves as the head of the Trump administration's Department of Government Efficiency program. Tesla did announce a number of deals to reverse slumping sales, and plans for a cheaper Model Y. As mentioned, tariffs on everything from steel to cheap online retailers has hurt manufacturers like Ford, and President Donald Trump has been especially antagonistic toward electric vehicles. The recently passed "Big Beautiful Bill" nixes the $7,500 tax credit for EVs. The administration is also considering zeroing out fines for vehicles that exceed fuel efficiency standards. Despite massive 27.5% tariffs against Chinese EV makes like Geely and BYD, Farley said that Ford is working to compete with those companies. Chinese EVs have made inroads in its own country and elsewhere thanks to more affordable options from a variety of companies. "We believe the only way to really compete effectively with the Chinese over the globe on EVs is to go and really push ourselves to radically reengineer and transform our engineering supply chain and manufacturing process,' Farley said in the call. Follow Tom's Guide on Google News to get our up-to-date news, how-tos, and reviews in your feeds. Make sure to click the Follow button.
