For legacy automakers, the electric vehicle transition has been a protracted battle against margin compression and the burden of immense capital expenditure. Shares of Ford Motor Company (NYSE: F) have reflected this struggle, trading in a range that prices the automaker as a low-multiple, cyclical industrial.
A recent strategic maneuver, however, suggests the market is missing a critical pivot that repositions Ford’s most valuable assets away from the crowded consumer auto market and directly into the high-demand energy infrastructure sector.
