Ford’s Wild Stock Ride: $1B Fire, Tariffs & EV Woes Rock Investors
In the days leading up to Oct. 23, Ford’s news cycle was dominated by mixed developments. A mid-September fire at a Novelis aluminum plant is expected to shave $0.5–$1 billion off Ford’s 2025 profitts2.tech. When this hit became public, Ford’s stock plunged ~6–7% on Oct. 7, briefly dipping from the high-$12s into the high-$11sts2.tech. However, value investors quickly stepped in, and by mid-October the shares had recovered to around $11.90ts2.tech. By Oct. 23 the stock was “essentially flat” versus a week prior, holding in the mid-$11sts2.tech.
