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EVs, big SUVs drive Ford third-quarter U.S. sales up 8.2%

1. Ford's Q3 sales increased 8.2%, driven by SUVs and EVs. 2. All-electric vehicle sales rose 30.2%, setting a quarterly record. 3. SUV sales, especially Mustang Mach-E, saw significant gains. 4. EV purchases surged before federal incentives expire; impact expected soon. 5. CEO warns of potential drop in EV sales post-incentive expiration.

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FAQ

Why Bullish?

The increase in EV sales reflects Ford's strong market position and consumer interest, similar to Tesla's earlier trends post-Incentives.

How important is it?

Strong sales data and potential market trends greatly influence investor confidence in Ford.

Why Short Term?

The anticipated drop in EV sales after incentives could affect short-term stock prices.

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