Ford Motor Company (F) is the 10th largest car manufacturer in the world. Known for its trucks, sports utility vehicles, and Lincoln luxury vehicles, the company operates through three segments: Automotive; Mobility; and Ford Credit. Shares of F are down 35% year-to-date and 13.9% over the past month to close Friday’s trading session at $14.16. The bearish investor sentiment can be attributed to bleak latest financial results and surging market volatility. The stock has been underperforming with respect to its peers. The Global X Autonomous & Electric Vehicles ETF (DRIV) fell 22.6% year-to-date, compared to F’s 35% decline.
The company’s net loss came in at $3.12 billion in the fiscal 2022 first quarter ended March 31, respectively, compared to a $3.26 million profit reported in the prior-year quarter. F reported a $5.40 billion mark-to-market loss on its Rivian investment. F has a 12% stake in the electric vehicle startup.
