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Ford Stock Falls As Mustang Mach-E Sales Slow After Taking Tesla Market Share – Investor’s Business Daily

Ford EV sales in April soared compared to last year on new product offerings, but sales of its Mustang Mach-E continued declining monthly. Ford stock fell.

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Ford Motor (F) EV sales in April soared compared to last year on new product offerings, but sales of its Mustang Mach-E continued declining monthly. Ford stock fell.
XTotal EV sales jumped 262% year-over-year to 11,172. However, Mustang Mach-E sales totaled 1,951, down from 2,637 in March and 3,739 in the first full month of sales in February.
The slowdown comes after the Mustang EV’s strong launch appeared to take market share from Tesla (TSLA).
A global chip shortage has hobbled the entire auto…

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