: : Ford stock falls, set to snap record win streak in wake of Tesla price cuts #FinanceUSA #StockMarketNEWS Shares of Ford Motor Co. F dropped 3.5% in premarket trading Friday, putting them on track

@stockMarketNEWS 18 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

: Ford stock falls, set to snap record win streak in wake of Tesla price cuts #FinanceUSA #StockMarketNEWS
Shares of Ford Motor Co. F dropped 3.5% in premarket trading Friday, putting them on track for their first loss in 11 sessions, to snap a record-long win streak. The automaker’s stock had soared 22.6% during the 10-day streak, which started after the stock closed at a 22-month low of .95 on Nov. 28. Friday’s pullback comes after electric vehicle maker Tesla Inc. TSLA said late Thursday it was cutting prices on several models, with some models seeing discounts of nearly 20%. Tesla’s stock slumped 5.2% ahead of Friday’s open. Among other automakers, shares of General Motors Co. GM slid 2.6% toward their first decline in nine sessions, Lucid Group Inc. LCID fell 1.6% and Rivian Automotive Inc. RIVN shed 2.8%, while Nikola Corp. NKLA gained 1.6%. Meanwhile, futures ES00 for the S&P 500 SPX eased 0.1%.

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