Ford MotorNYSE: F

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Ford Motor Company (NYSE:F) saw a 15.2% rise in US sales last month, surpassing the overall industry growth due to higher sales of trucks and hybrid vehicles, which helped offset weaker demand for electric cars. As a result, the company's total market share increased to 12.6%.

The car manufacturer's total sales in October increased significantly. While electric vehicle sales faced challenges, hybrid sales continued to do very well.

On Monday, Ford Motor announced that its U.S. auto sales increased by around 15% in October compared to the same month last year. This growth was supported by strong demand for its F-series trucks and hybrid vehicles.

On Monday, the U.S. safety regulator announced that it has finished investigating around 411,315 Ford SUVs and pickup trucks due to issues with losing power.

Although Ford's third quarter results were disappointing, they also showed that there is still potential for improvement.

Lucid (NASDAQ: LCID) has faced many challenges.

Ford has put a lot of money into its digital and software services, and this decision might bring good results.

A Wall Street analyst believes that Ford stock could increase by more than 40%, but investors should be cautious.