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Stockreport

Ford is pulling back on EVs and getting in on the AI boom with data center battery storage [Business Insider]

Tesla, Inc. (TSLA)  More Company Research Source: Business Insider
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Ford's EV strategy shift just cost it $19.5 billion. Now, it's hoping to cash in on the AI boom. The company is converting an EV battery factory in Kentucky to build energy storage systems for AI data centers. The move will see Ford challenge Tesla, which has its own thriving energy storage business. EVs aren't really working out for Ford , so now it's chasing the AI boom instead. The Detroit auto giant said on Monday it would pull back from electric vehicles in a move that would cost the company $19.5 billion. In addition to scrapping planned electric models and building more hybrids, Ford said it would repurpose its EV battery factory in Kentucky to build batteries to power data centers and energy infrastructure. The Mustang maker added that it would invest $2 billion to scale the new energy storage business, which it said would "leve [Read more]
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Stockreport

Ford is pulling back on EVs and getting in on the AI boom with data center battery storage [Business Insider]

Tesla, Inc.  (TSLA) 
More Company Research Source: Business Insider
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Ford's EV strategy shift just cost it $19.5 billion. Now, it's hoping to cash in on the AI boom. The company is converting an EV battery factory in Kentucky to build energy storage systems for AI data centers. The move will see Ford challenge Tesla, which has its own thriving energy storage business. EVs aren't really working out for Ford , so now it's chasing the AI boom instead. The Detroit auto giant said on Monday it would pull back from electric vehicles in a move that would cost the company $19.5 billion. In addition to scrapping planned electric models and building more hybrids, Ford said it would repurpose its EV battery factory in Kentucky to build batteries to power data centers and energy infrastructure. The Mustang maker added that it would invest $2 billion to scale the new energy storage business, which it said would "leve [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS