Ford’s EV sales in the US dropped 60.8% in November after the federal tax credit expired. Hybrid sales rose 13.6%, but fully electric sales fell to 4,247 units. Ford Model e posted a $1.4 billion loss in Q3. The automaker is shifting focus to smaller, more profitable EV models.

Tesla’s registrations in France and Denmark plunged by half in November. BYD delivered 474,921 passenger vehicles in November, including 237,540 battery-electric models. Tesla’s China-made EV sales rose 9.9% year over year. Competition intensifies in Europe and China.

Ford has outperformed the Automotive-Domestic industry year to date. Its shares have gained 26.6%. F appears undervalued with a forward sales multiple of 0.32. The Zacks Consensus Estimate for F’s 2025 EPS moved down 2 cents, while 2026 EPS moved up a penny in the past seven days.

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Read more at Nasdaq: What’s Behind Ford’s EV Sales Plunge of 60% in November?