Ford and General Motors Are Energy Stocks Now
Should car companies become energy companies? Ford and GM -- and Tesla! -- are racing to do just that.
Ford and General Motors Are Energy Stocks Now
Overview
Ford Motor Company (NYSE: F) stock took off like a rocket last month, climbing 45% in the last two weeks of May. Ford's given back about half those gains in the June stock sell-off, but why did Ford stock put pedal to metal in the first place?
Because all of a sudden, Ford has decided it's an energy stock.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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