Ford Stock’s Wild Ride: $1B Blaze, EV Blues & a High-Stakes Earnings Test
Ford’s stock has been on a wild ride in October, underscoring the market’s fickle sentiment. After climbing near 52-week highs above $12 over the summer, shares suddenly plunged in early October when a cascade of bad news hit. The most jarring was the September 16 fire at a major Novelis aluminum supplier plant in upstate New York – a critical source of material for Ford’s top-selling F-Series trucks. When reports of the fire’s impact surfaced on Oct. 7, Ford’s stock nosedived about 6–7% in a single session ts2.tech, wiping out roughly $3 billion in market value. By the next day, the stock had sunk from the low $12s to the mid-$11s amid heavy trading, as investors feared the production of lucrative F-150 pickups could be crippled for an extended period.
