The shares of Ford Motor Company nosedived on Friday falling over 11% as the company failed to meet market expectations with its latest financial results.
On top of that, the carmaker revealed that it is planning to put a pause on a $12 billion investment in electric vehicles as it has been met with disappointing demand.
The company's stock slumped 11.21% at 1:44 pm ET, going for $10.07 apiece.
