Ford is heavily dependent upon the construction industry. They sell more F-150s than Tesla does cars (by about double the 2020 numbers).
That is a lot of $70K truck they churn out.
It will be interesting to see who they weather the next real estate downturn.
Their balance sheet isnt strong and they are lagging in autonomous. I dont even think they are a really strong player in electric. Sure they brought out the Mustang but they have few cars in their lineup anymore.
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