The shares have been on a tear since Farley became CEO 15 months ago, after falling to a 10-year low under his predecessor. Farley accelerated Ford’s shift to electric and autonomous vehicles. He has pledged that Ford will build 600,000 EVs a year by 2024 with more to come from battery and assembly plants the company is building in Tennessee and Kentucky.
Investors “seem to like that we’ve come up with a way to execute the product in a way that it’s in high demand,” Farley said. “Although I’m extremely thankful for the recognition of the team’s hard work, in my mind, we’re just getting started.”
