Ford Motor Company's stock plummeted 5% in premarket trade on Friday after the company's fourth-quarter profits and sales fell short of expectations due to supply bottlenecks of critical commodities.

On over $38 billion in revenue, the automaker earned 26 cents per share in adjusted earnings. These figures were projected to be 44 cents and $41 billion, respectively, according to analysts. Wholesale sales were down 11% in 2018, a trend the corporation hopes to reverse in 2022 with a 10% -15% increase. However, the rebound will be slowed by the fact that Ford has predicted a drop in unit sales in the current quarter.Ford unveils new F-150 Raptor performance pickup, confirms V-8 model

According to a major Newswire, Chief Financial Officer John Lawler stated, "We have enormous demand for our products." "It was the supply chains that limited what we were able to manufacture and give." And we expect that trend to continue into '22, as evidenced by our profitability."

Commodity expenses are expected to rise by $1.5 billion to $2 billion this year, according to the business.

Investors have praised Chief Executive Officer Jim Farley's efforts to hasten Ford's transition to electric vehicles, as seen by the high demand for the F-150 Lightning electric truck. Last year, the stock was the sixth-best performer on the S&P 500.

Ford has 275,000 orders for its electric F-150 Lightning, transit vans, and Mustang Mach-E utility vehicles, according to a major Newswire, and plans to raise its electric vehicle production capacity to 600,000 vehicles per year by 2023.

In 2022, Ford plans to spend $7 billion to $8 billion on capital expenditures, up from $6.2 billion in 2021.