Ford and GM Are Dropping Because Next Year Looks Doubtful. Tesla Stock Is Down, Too.

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Updated Dec. 14, 2021 2:34 p.m. ET / Original Dec. 14, 2021 1:58 p.m. ET

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The outlook for the car manufacture for 2022 is looking iffy, according to Daiwa expert Jairam Nathan.

He downgraded shares of some Ford Motor and General Motors, sending those shares lower. Tesla shares fell arsenic well, partially due to the fact that CEO Elon Musk continues to merchantability stock, but besides due to the fact that the issues Nathan cited aren’t circumstantial to the large Detroit car companies.


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