Ford, GM Race Ahead of the Market

Ford Motor Co. (NYSE: F) stock is up 33% this year, and General Motors Co. (NYSE: GM) is 41% higher. The S&P 500 has increased 16% in that time. The two companies were supposed to be losers as they continued to lag behind the wounded Tesla Inc. (NASDAQ: TSLA) in the U.S. electric vehicle (EV) market, and they have the most modest presence in China and the European Union. Tesla may be hurting, but it still has about a 45% EV market share in the United States. GM and Ford are closer to 10% each. In China, the ...