F - A Little Good News for Ford Investors
2024-03-17 14:40:00 ET
Ford Motor Company (NYSE: F) investors have been hit with a flurry of not-so-great news over the past year. Investors had to deal with the angry United Auto Workers union and the increased costs associated with new contracts, the staggering $4.7 billion loss with its Model e electric vehicle (EV) unit, and a stagnant stock price.
Recently, however, Ford made a small announcement many missed that could help reduce range anxiety and boost not only EV sales but consumer satisfaction.
Many studies have shown that the No. 1 barrier to EV mass adoption is range anxiety. Range anxiety is simply the fear of getting stranded during travel with no option of recharging the vehicle battery.
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A Little Good News for Ford Investors