Ford’s CEO praises Telsa, has regrets over the company’s EV rollout – report

Summary: Ford CEO Jim Farley has admitted the company mishandled its electric vehicle (EV) rollout, expressing a desire to have approached it differently. During an interview, he highlighted how dissecting a Tesla model revealed significant differences in engineering philosophy. Farley also attributed some challenges to COVID-19, which distorted market signals, ultimately impacting Ford’s EV strategy. As the company shifts focus toward affordable models, it continues to face stiff competition, particularly from Chinese manufacturers.

Brands mentioned: Ford, Tesla, General Motors, Volkswagen, Nio, Audi, BMW, Honda, Mercedes-Benz, Stellantis.