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Ford unveils $30,000 EV to rival Tesla, stock slips
short by / on Thursday, 2 April, 2026
Ford stock slid over 2% after CEO Jim Farley teased a Tesla Model Y and Model 3 rival. The upcoming "skunkworks" EV targets a $30,000 price point by 2027. However, weak sales and analyst caution over headwinds like China production and geopolitical risks weighed on shares, overshadowing the reveal. Retail investors remain bullish, though Wells Fargo cut stock to 'Underweight.'
read more at Stocktwits