Ford (NYSE:F) raised the starting price of its electric F-150 Lightning electric pickup yet again. The entry model of the truck will cost almost $56,000, up about 8% from the previous pricing.
Ford has been raising prices for its EVs due to surging costs of raw materials and components. For perspective, the vehicle actually debuted at a $40,000 price in May 2021.
While Friday was a bad day for automotive stocks in general, Ford stock saw a sizable decline, falling 7%.
|S&P 500 Return||-6%||-19%||72%|
|Trefis Multi-Strategy Portfolio||-5%||-22%||215%|
 Month-to-date and year-to-date as of 12/19/2022
 Cumulative total returns since the end of 2016