Ford Stock Rises After Outperforming Expected Earnings, While Tesla Falls

Ford was up more than 10 percent Friday.

3 min read

Opinions expressed by Entrepreneur contributors are their own.

Ford Motor Co., the oldest U.S. automaker, surged today after beating expectations with first quarter earnings while Tesla, one of the youngest, continued to slide after reporting dismal results two days ago.

Ford was up 10.74 percent, while Tesla fell 5.16 percent–the biggest gain and loss on the Entrepreneur Index™ today. The move in the two companies’ stock prices now makes Ford more valuable than Tesla for the first time since April 2017.

The broader stock market was up today on the strength of the U.S. economy. Despite slower global economic growth and conflicting U.S. economic data, first quarter GDP growth of 3.2 percent was sharply higher than 2.5 percent estimates. A build-up in inventories was responsible for a good portion of that growth, but the economy is doing significantly better than expected.

The major stock indexes were all up today. The Dow and S&P 500 indexes rose 0.31 percent and 0.47 percent respectively and the Nasdaq Composite index was up 0.34 percent. The Entrepreneur Index™ had a gain of 0.68 percent on the strength of Ford, Capital One Financial and technology stocks.

The technology sector was generally strong today with Verisign Inc. leading the way. The company that maintains the internet domain name registry was up 5.65 percent after reporting strong earnings and a 4.4 percent jump in domain name registrations. was also up smartly after reporting good financial results. The internet giant met revenue estimates and blew away earnings expectations. The stock was up 2.51 percent on the day. Other gains in the tech sector included Netflix (1.77 percent) and (1.76 percent).

Chipmaker NVIDIA Corp. was the notable exception in the tech sector. It fell 4.72 percent after competitor Intel Corp. reported disappointing results and lowered guidance for the rest of the year. NVIDIA will report earnings next month.

Shares in Capital One Financial popped 6.45 percent after the company handily beat earnings and revenue estimates for the quarter. The stock is now up 24 percent on the year.

While Amazon’s stock move helped the Entrepreneur Index™ today, its plan to offer free one-day shipping for Amazon prime members didn’t. The news is expected to put significant financial pressure on retail competitors. Walmart was down 1.92 percent on the news. Amazon plans to use its growing delivery infrastructure to execute the new strategy. That prospect led to a sharp 2.56 percent drop in Fedex Corp. shares today.

The see-sawing healthcare sector was also down today. Hospital manager Universal Health Services lost 1.88 percent on the day. Regeneron Pharmaceuticals fell 1.81 percent and Alexion Pharmaceuticals was off 0.82 percent.

The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on


more recommended stories

  • Tips and Tools for Making Progress Toward Important Goals

    Attend this free webinar and learn.

  • How Digital Marketing Changed the 2016 Presidential Race and Will Change 2020’s.

    As an entrepreneur, there are certain.

  • NFL’s Calvin Johnson and Rob Sims Talk Cannabis: It’s ‘A God-Given Gift’

    Two battered former players who never.

  • 3 Ways AI Can Help Businesses Improve Customer Relations

    The power of AI can lead.

  • 4 Essentials for Complying With the New Data Privacy Regulations

    Consumers need reassurance and protection from.

  • Why This Entrepreneur Says to Check Your Ego at the Door

    July 13, 2019 1 min read.

  • CNBC’s Tim Seymour Talks About Cannabis M&A, Private Vs. Public Markets

    Cannabis is good investment, unless you.

  • 3 Areas Where Enterprise-Focused Startups Are Poised to Make an Economic Impact

    How do you improve efficiency by.

  • What Really Causes Depression?

    Here’s what every entrepreneur needs to.

  • The Unexpected Philosophy That Led Me to My Biggest Closed Deals Ever

    Forget the conventional sales wisdom; if.

  • How This Founder Overcame Challenges He Never Saw Coming

    This entrepreneur and Yale dropout hoped.

  • How to Make Promising Opportunities Come to You

    Grow your business and personal passion.

  • Sacrifice Your Way to Your Dream Job in Sports

    This former mailroom worker talks about.

  • Jay-Z Gets Into the Pot Game

    The legendary rapper/entrepreneur got 99 problems.

  • Fitness Professional Jay Dang on Why Confidence Is the Key to Success

    You have to earn it. July.

  • WarnerMedia’s HBO Max Launches in 2020, and It’s Bringing ‘Friends’

    The streaming service will come loaded.

  • 6 Quotes on Business and Life From Billionaire and 2-Time Presidential Candidate Ross Perot

    The philanthropist died on Tuesday at.

  • Work-Life Balance Is Essential for Entrepreneurs

    If your life is out of.

  • How This Entrepreneur Built a Million-Dollar Business by Focusing on These 3 Strategies

    July 8, 2019 3 min read.

  • USA! Americans Spent $400M on Cannabis for Fourth of July

    Legal marijuana is not yet as.

  • What If Renting an Apartment Were as Easy as Booking an Airbnb?

    AI startup Block wants to make.

  • Back Up Your Whole Team’s Work With Cloud Storage

    Zoolz Cloud Backup has enough space.

  • Taylor Stitch Makes Us Rethink Our Wardrobe

    Most clothes end up in the.

  • The Right (and Wrong) Times to Sell Your Long-Held Stock

    If you’re looking to sell, do.

  • The Emotional Moment That Sparked a Winning Business Idea for This Entrepreneur

    Everence co-founder and CEO Patrick Duffy.

  • Try This for Better Mental Performance

    Staying in ketosis can help you.

  • Check Out the First Job Listing Jeff Bezos Ever Posted for Amazon 25 Years Ago

    The position was for a computer.

  • Keeping Cannabis Safe: A Call for Standardization

    Haphazard product quality testing means there.

  • Make Your Dream Company a Reality With This Class

    Startup pros Ben Lee and Karl.

  • Why Having a VIP Backer Like John Legend Can Boost Your Business

    July 4, 2019 8 min read.

  • Tired of Waiting for Customer Responses? Start Text Messaging to Get Ahold of Anyone, Anywhere in Real Time.

    The world is full of spam..

  • 4 Tech Trends That Are Positively Changing Workplaces

    From reporting bad behavior to allowing.