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Why GM and Ford stocks went off the rails

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Are high gasoline prices and rising interest rates hurting consumer demand for gasoline? Selling data doesn’t offer much of an answer these days, leaving investors to fear the worst.

On Monday, Ford Motor reported first-quarter sales of about 432,000 in the United States, up from some 521,000 in the same period last year. That complemented a series of mostly lackluster U.S. sales reports from major automakers. One of the few companies to show growth was Tesla, which on Saturday said it delivered about 310,000 vehicles to customers worldwide, up 68% year-over-year (this isn’t exploding sales in the United States).

Wj

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