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Ford stock slumps after November vehicles sales drop, as truck and SUV declines offset a doubling in EV sales

Ford stock slumps after November vehicles sales drop, as truck and SUV declines offset a doubling in EV sales

Shares of Ford Motor Co. shed 1.6% in morning trading Friday, after the automaker reported a 7.8% decline in November sales to 146,364 vehicles. Truck sales fell 1.2% to 81,210 and sport-utility vehicle (SUV) sales sank 15.0% to 61,889, while electric vehicle (EV) sales soared 102.6% to 6,255. Ford said its EV sales grew at twice the rate of overall EV sales in November, and makes Ford the second-best EV seller and maker, behind leader Tesla Inc. . The sales report comes a day after Ford said it