Ford beats out Tesla to become the auto industry’s top growth stock in 2021

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• Ford’s shares jumped by roughly 140% last year, making it the top-performing auto stock.
  
• Morgan Stanley analyst Adam Jonas said it was “truly a breakthrough year for Ford … easily the most important year strategically for the company since the financial crisis.”
  
• Since auto veteran Jim Farley took the CEO helm more than 15 months ago, the stock is up by more than 200%.
  

DETROIT – Shares of Ford Motor soared by roughly 140% last year, beating Tesla, its larger crosstown rival General Motors and a host of electric vehicle start-ups to become the best performing stock among automakers in 2021.

Investors have rewarded the new direction under auto veteran Jim Farley, who took the helm in October 2020 after the Ford board ousted industry outsider Jim Hackett.

Farley promised to be more open and direct with investors. He also launched the Ford+ restructuring plan, which shifts more resources to build electric vehicles like the upcoming F-150 Lightning pickup.

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