5 Best EV Stocks Under $50

2. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 40

Ford Motor Company (NYSE:F) is making headways in the EV industry and launching new technologies that are setting new standards. Ford Motor Company (NYSE:F) recently unveiled its compressed air engine technology which, according to Ford’s CEO, will “bankrupt the entire EV industry.”

In its Q2 earnings call, the company’s management talked in detail about Ford Motor Company (NYSE:F)’s EV initiatives:

“While EV adoption is still growing, the paradigm has shifted. EV price premiums over internal combustion vehicles fell more than $3,000 in the second quarter and nearly $5,000 in first half. We expect the EV market to remain volatile until the winners and losers shake out, and we are confident from a brand, from our incredible product strategy, our software, our scale and our cost position, we will be one of the winners long term. Why do I say that?

We moved quickly to establish our EV nameplates in the unique segments, not like others, the Lightning, the Maki, the ETrans. We’re building EV brand lowers. It’s critical. Many of our EV customers are all new to Ford. This is a significant asset to Ford given our new Gen 2 products and profitability that we’ll be launching soon. For Gen 2, we focused on fewer, higher volume models in the right segments to take advantage of our strengths and knowledge of customers, even Conquest customers. For example, work vehicles, pickups for retail customers and spacious seven-passenger SUVs. I am so glad we didn’t bet the farm on two row crossovers ICE like EV platforms, like so many have. We moved early on LFP, especially production in the U.S., giving us a diversity of chemistry cost advantage.”

Read the full earnings call transcript here.

Here is what Leaven Partners has to say about Ford Motor Company (NYSE:F) in its Q3 2022 investor letter:

“In our last quarterly letter, I briefly mentioned that the consensus estimates for corporate profits appeared to be a bit too sanguine. I referenced a Reuters article that reported, as of June 17, Wall Street expected S&P 500 earnings to grow by 9.6% in 2022, which was up from 8.8% in April and from 8.4% in January. That tune began to change at the end of July and accelerated in August and September, as major players, such as Ford (NYSE:F), has recently issued profit warnings and/or have withdrawn guidance. In response, Wall Street has altered its outlook: lowering third-quarter profit growth to 4.6%[2] from 7.2% in early August and slashing full-year profit growth to 4.5%.”