Ford Motor stock hit its best month since the Great Recession, advancing nearly 32% since its 127.4% surge in April 2009.
The EV automaker appears positioned for another growth phase as long as the global economy stays strong, analysts say.
As automakers report second quarter results, analysts say a market rebound may be on the way.
BYD sold 638,157 electric or plug-in hybrid passenger vehicles in the first six months of 2022 compared to 564,743 from Tesla.
Automakers have urged Congress to lift a cap on the $7,500 electric vehicle tax credit.
State dealer associations in some states have proposed new language in franchise laws to address new concepts in the industry such as over-the-air service updates and vehicle reservations.
With an improved chip supply, carmakers are at work whittling down order backlogs.
The company plans to offer insurance coverage to 80% of the U.S., before taking its insurance offering international.
Tesla Inc. has had to shut down its plant in Shanghai for a total of 12 production days in recent weeks because of China’s COVID-19 lockdowns.
Supply chain challenges rising from the war in Ukraine could make electric vehicles (EV) more expensive to build as raw material prices shoot up.
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