Ford Motor Co
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Consumer Discretionary : Automobiles | Large Cap Value
Company profile

Ford Motor Company is a global automotive and mobility company. The Company's business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations. The Automotive segment primarily includes the sale of Ford and Lincoln brand vehicles, service parts, and accessories across the world. The Financial Services segment primarily includes its vehicle-related financing and leasing activities at Ford Motor Credit Company LLC. Ford Smart Mobility LLC is a subsidiary formed to design, build, grow, and invest in emerging mobility services. The Central Treasury Operations segment is primarily engaged in decision making for investments, risk management activities, and providing financing for the Automotive segment.

Premarket

Last Trade
Delayed
$7.27
0.04 (0.55%)
Bid
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Ask
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B/A Size
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Market Hours

Closing Price
$7.23
Day's Change
0.00 (0.00%)
Bid
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Ask
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B/A Size
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Day's High
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Day's Low
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Volume
(Light)
Volume:
10,837

10-day average volume:
65,769,872
10,837

UPDATE: CNBC's Jim Cramer: Elon Musk may be a 'zealot' but he's 'dead right' about his decision to break the rules

5:30 pm ET May 12, 2020 (MarketWatch)
Print

By Shawn Langlois, MarketWatch

That's CNBC host Jim Cramer putting his support behind Elon Musk and his controversial move to reopen Tesla's(TSLA)manufacturing plant in Northern California despite county orders.

"There are people who think he's the greatest, and people who think that he's willing to sacrifice people on the altar of profit," Cramer continued. "He may not be as concerned about COVID as every person in the world, but there's no indication that he's willing to sacrifice people's lives."

As Cramer suggested, Musk certainly has expressed his doubts (http://www.marketwatch.com/story/elon-musk-give-people-their-freedom-back-and-reopen-america-2020-04-29) as to the severity of the COVID-19 pandemic, having called the panic "dumb" back in March and predicting that, by the end of April, the U.S. would probably see "close to zero new cases."

Watch the segment:

(https://player.cnbc.com/p/gZWlPC/cnbc_global?playertype=synd&byGuid=7000135855)

Musk's decision to flout the Alameda County order, of course, has also had its fair critics, including a California assemblywoman who lobbed an F-bomb in his direction (http://www.marketwatch.com/story/california-assemblywoman-hits-elon-musk-with-an-f-bomb-after-he-says-will-move-teslas-hq-out-of-state-2020-05-10).

One particularly notable voice, however, joined Cramer (http://www.marketwatch.com/story/open-the-plant-now-trump-sides-with-musk-over-tesla-car-factory-reopening-2020-05-12) in backing Musk on Tuesday.

(https://twitter.com/realDonaldTrump/status/1260203080076931072)

Musk responded with a thank you, which also didn't go over too well with some followers:

(https://twitter.com/elonmusk/status/1260274910997303296)

Treasury Secretary Steven Mnuchin chimed in with support, as well.

"He's one of the biggest employers and manufacturers in California, and California should prioritize doing whatever they need to do to solve those health issues so that he can open quickly and safely," he said in a separate CNBC interview on Monday (https://www.cnbc.com/2020/05/11/steven-mnuchin-says-he-agrees-with-elon-musk-in-tesla-production-dispute.html).

As the debate raged on between those in favor and those against, Musk has made it clear on social media with a series of tweets that he has no intention of backing down.

(https://twitter.com/elonmusk/status/1259945593805221891)

--

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 12, 2020 17:30 ET (21:30 GMT)

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