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Ford's stock drops 38% amid CEO's optimistic 20% sales growth forecast by 2032.

02 Nov 2026, 17:52 WIB
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Bearish
Ford's stock drops 38% amid CEO's optimistic 20% sales growth forecast by 2032.

Ford CEO Jim Farley has projected a 20% increase in unit sales by 2032, driven by new EV models like the Fathom pickup. However, US EV sales are down 30% this year, and Ford's stock has fallen 38% over five years as investors doubt the forecast amid stiff competition and flat car sales. Ford remains strong in SUVs and pickups but struggles with declining US sales and limited global presence. The company's future depends on navigating market challenges and competition from Tesla and potential Chinese EV entrants.

Ford shares trade at USD 12.51 on Pluang as of Nov 02, 2026 23:02 WIB, up 2.29% in the last day despite the article's note of a 38% drop over five years. The stock remains far below its 52-week high of USD 17.44. Tesla, a key competitor mentioned in the story, is priced at USD 413.50 with a 3.44% gain on the same day, highlighting the contrasting market performance between the two automakers.

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