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How Ford Is Becoming an AI Stock After the Wheels Fell Off Its EV Strategy
Ford is drastically changing its EV strategy after a significant financial write-down, now focusing on building energy storage systems for AI data centers. This AI-centric pivot, following the company’s struggles to profit from its initial EV investments, could provide a long-term growth catalyst in a market projected to exceed $100 billion by 2030, similar to Caterpillar’s successful diversification into power and energy. While still developing some EV models, Ford is taking a less aggressive approach to all-electric vehicles, shifting instead to hybrids and extended-range EVs.