Ford stock fell by close to 8% on Tuesday, following the company's Q3 earnings report. Now revenues were better than expected coming in at $43 billion, up 5.5% year-over-year, earnings stood at $0.49 per share, slightly ahead of estimates and up $0.10 compared to last year.
Ford (F) is halting production of its all-electric F-150 Lightning pickup truck for at least several weeks as it faces softening demand for its electric vehicles, according to a Wall Street Journal report.
Ford said it will temporarily pause production of the electric F-150 Lightning for several weeks amid sluggish consumer demand for EVs, as the company continues to reassess EV plans.
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