Ford Stock Slips Before Market Open as Wall Street Questions AI Battery Gains
Ford Motor stock traded lower in premarket Tuesday, off at $16.56 after falling 4.64% to $16.63 Monday. That fall trimmed gains from the recent May run. The action happened before the NYSE opened at 9:30 a.m. ET, ahead of typical trading volume. Ford’s drop is notable since the company had shifted away from trading like a basic cyclical auto stock. For the last two weeks, investors have been shifting their view on the shares to price in Ford Energy, which is the company’s battery storage unit linked to AI data-center power. This comes as U.S. equity futures eased off record levels.