Ford passes Tesla as No. 2 U.S. car maker as stock goes on a tear

Ford Motor Co. on Friday regained its status as the No. 2 U.S. car maker in market value, leaving Tesla Inc. behind after a massive earnings beat that stoked a rally for Ford stock.

Tesla TSLA, -5.04% shares traded at their lowest since January 2017, still reeling from the wider-than-expected first-quarter loss the company reported earlier this week. That brought Tesla’s market capitalization to around $40.6 billion.General Motors Co. GM, +1.46% is the top U.S. car maker by market cap, valued at $56 billion.

Ford late Thursday reported a per-share adjusted profit that handily beat Wall Street expectations, and sales that met forecasts.

'Oh and BTW we're under criminal investigation for lying about emissions, a type of scandal that had no real impact on European car makers, so don't worry about anything.'

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Ford discloses DOJ investigation over emissions certificationsThe U.S. Justice Department is investigating Ford Motor Co.'s emissions certification process, the company says. Wow, if only something like the EPA could do govt oversight. That's what happens when you invest in electric Truck company.. Hmmm why today Get ready for Fuhrer Trumph the polluter N Chief to issue another executive order to allow more pollution!! The polluters are contributing big time to his campaign in appreciation for his polluting policies! Americans remain indifferent so Trumph rolls on !!
Source: ABC - 🏆 471. / 51 Read more »

Ford surpasses Tesla in market cap, as old and new automaker stocks diverge post earningsFord's big gains after its first quarter earnings lead the 116-year-old automaker to pass the market capitalization of Elon Musk's struggling electric car maker Tesla. The value of Tesla shares has fallen roughly 30% this year.
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