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Ford Stock Slumps Despite Upcoming Affordable EV Launch

Ford Stock Slumps Despite Upcoming Affordable EV Launch

Author:

Global Cryptocurrency

Published:

2025-11-04 20:58:03

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BTCCSquare news:

Ford's shares dipped nearly 1.5% in Tuesday afternoon trading, despite CEO Jim Farley's announcement of a $30,000 electric vehicle (EV) model nearing completion. The automaker's new Universal EV Platform aims to reduce production costs through flexible architecture, countering recent cuts to its EV plans.

Federal tax credit reductions had initially dented Ford's EV prospects, but the company now seeks to bypass subsidies altogether with its competitively priced offering. Supply chain readiness stands at 95%, signaling an imminent market entry that failed to buoy investor sentiment during the session.

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