Ford has big EV plans that are likely spurring investor interest in the stock. But the company has a lot to prove over the next couple of years.

Ford ( F 3.31% ) has likely been on the radar of many investors lately as the company recently announced plans to launch an entirely new electric vehicle platform. Its aim is to boost profitability and carve out a niche in the EV industry .

Those are worthy goals, but Ford is facing plenty of challenges. Tariffs have dented the company's profits, and electric vehicles are notoriously expensive to design and launch.

Despite the risks, could buying Ford right now, while its shares are under $13, be a smart move? I think investors would be better off avoiding Ford stock right now and instead waiting until more of the company's ambitions

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