Ford has usurped Tesla and was one stock on fire in 2021 as investors get more excited about rising electric-vehicle sales in the U.S. and rising EV production at the company. Company shares of the Ford Company soared by nearly 140 percent last year. Ford stock is now up 17% so far in 2022 after rising 136% in 2021. Tesla stock, for its part, is up 9% so far in 2022, after a 50% gain in 2021. Those figures not only outperformed Tesla, but rival General Motors as well. The company doubled down on an electric future by launching the Ford restructuring plan, which shifts more resources to build electric vehicles like the upcoming F-150 Lightning pickup truck. Demand has been strong for that vehicle, with Ford halting reservations after hitting 200,000.
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