Quick Read – Ford (F) stock dropped 7% intraday to $13.50 after surging 20% in one week, with management having just raised FY2026 adjusted EBIT guidance to $8.5B-$10.5B on Q1 revenue of $43.25B and $2.55B net income. – Tesla (TSLA) stock fell 4% alongside Ford, with a trailing…
E of 399x and forward P/E of 208x but also an analyst price target of $412.25. – Profit-taking from recent momentum-driven rallies is unwinding recently hot trades, not a fundamental deterioration in either automaker’s operational story. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Ford wasn’t one of them. Get them here FREE
Shares of Ford (NYSE:F) are getting hit hard in mid-morning trading on Friday, down 7% intraday and changing hands around $13.50 after closing at $14.48 on Thursday. The drop essentially erases yesterday’s 7% auto-sector rally, and Tesla (NASDAQ:TSLA) is sliding alongside it. Tesla is off 4% on the session, giving back a chunk of a recent run that had carried the stock 22% higher over the prior month.
The move looks like a sentiment-driven unwind of two recently hot trades rather than a fundamental break. Heading into Friday, Ford stock had ripped 20% in just one week. The analyst who called NVIDIA in 2010 just named his top 10 stocks and Ford wasn’t one of them.