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Ford beats Tesla to become auto industry’s top growth stock in 2021

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The all-electric Ford F-150 Lightning truck during an augmented reality presentation at the Motor Bella Auto Show in Pontiac, Michigan, on Tuesday, Sept. 21, 2021.

Emily Elconin | Bloomberg | Getty Images

DETROIT – Shares of Ford Motor soared by roughly 140% last year, beating Tesla, its larger crosstown rival General Motors and a host of electric vehicle start-ups to become the best performing stock among automakers in 2021.

Investors have rewarded the new direction under auto veteran Jim Farley, who took the helm in October 2020 after the Ford board ousted industry outsider Jim Hackett.

Farley promised to be more open and direct with investors. He also launched the Ford+ restructuring…



Source cnbc.com

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