robotics / news / / Benzinga
CEO Jim Farley last week laid out a plan to launch seven new vehicles for European customers between now and 2029.
Ford plans to launch seven new vehicles in Europe by 2029, including five EV passenger models.
KEY POINTS
- Ford has created a multi-billion dollar energy storage subsidiary that could reach a $10 billion valuation.
- Ford stock is trading 17%-22% above all major moving averages, signaling short-term strength but overextension.
- RSI recently signaled Ford stock as overbought, coinciding with prices surpassing the prior 52-week high.
- Morgan Stanley praises Ford's energy storage business for grid-scale solutions with significant market potential.
COMPANIES
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