Jim Farley Warns Tesla Isn’t The Threat — It’s China’s BYD And Xiaomi That Could Crush America’s EV Future - Forward Industries (NASDAQ:FORD)

Ford (NYSE:F) CEO Jim Farley isn't worried about Tesla. He's worried about China. In his words, Chinese automakers are the "700-pound gorilla" of the electric vehicles (EVs) industry because they offer “great innovation at a low cost.”In the five years since taking the helm, Farley has taken big swings to transform the century-old automaker into a leaner and higher-margin business. Now, that transformation is entering a pivotal phase. With slowing EV demand in the U.S., the loss of key federal tax incentive ...