Ford CEO tells Wall Street to forget Tesla, says 'Pro' business is the future of the auto industry
Publishing timestamp: 2024-02-15 12:04:05
Summary
Ford CEO Jim Farley encourages investors to shift their focus from Tesla to Ford's "Pro" fleet business, which includes traditional fleet and commercial operations as well as emerging telematics and logistics. Farley believes that Ford Pro has significant potential for growth and profitability. Some analysts agree and consider Ford Pro to be undervalued. However, there are concerns that profits from Ford Pro are being used to fund Ford's EV projects.
Sentiment: MIXED
Tickers: RACE, TSLA, RACE-IT, F, DE,
Keywords: transportation, ford motor co, breaking news: business, autos, tesla inc, deere & co, business, ferrari nv, business news,
Source: https://www.cnbc.com/2024/02/15/ford-ceo-forget-tesla-pro-unit-is-auto-industrys-future.html