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Why General Motors Stock Just Put the Pedal to the Metal

·2 min read

If you ask me, though, the most likely reason the stock is motoring ahead today is the news that just came out of Ford Motor Company (NYSE: F). Specifically, Ford's decision to raise prices on its F-150 Lightning electric pickup. As reported in The Wall Street Journal on Tuesday, Ford plans to reopen its F-150 Lightning electric truck for new orders this week, but will charge significantly higher prices on the vehicle in order to offset increased input costs caused by inflation.