Why Ford Stock Slumped 20% in June, And Why July 28 Could Decide What's Next

Ford stock fell 20% in June despite initial excitement over its new battery energy storage business (Ford Energy). The decline was driven by weak vehicle sales, including a 44% drop in Mustang Mach-E sales and 45% decline in F-150 Lightning sales, plus a massive recall of 740,000 vehicles. However, the restart of Novelis' aluminum production facility could help Ford recover truck production volumes. July 28 earnings will be critical in determining the stock's direction.