Ford Motor Company’s commitment to electric vehicles has pushed its market value above $100 billion for the first time. The 118-year-old automaker’s market cap exceeds rival General Motors ($88.61 billion) and EV startup Rivian Automotive ($77.8 billion) It is still far from Tesla, which is valued by investors at more than $1 trillion. Ford is doubling planned production of the electric F-150 Lightning pickup truck to 150,000 vehicles while also increasing Mustang Mach-E production at its plant in Cuautitlan, Mexico. Ford CEO Jim Farley said investors “seem to like that we’ve come up with a way to execute the product in a way that it’s in high demand” . . .
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