Ford is worth over $ 100 billion . for the first time in its history

Ford’s market value surpassed $ 100 billion for the first time on Thursday as investors bet on the company’s plans to produce. auto electric.

Ford’s earnings come from its plans to double production of the F-150 to 150,000 vehicles as part of CEO Jim Farley’s strategy, who entered in charge in 2020, promising to invest over $ 30 billion in the Electric cars by 2030, according to “Reuters”.

The company surpassed its longtime rival General Motors, with a market value of $ 88 billion, and the start-up Rivian Automotive, with a market value of about $ 80 billion, but these companies are still a long way from Tesla’s worth of more than $ 1 trillion.