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Ford CEO Jim Farley Respects Tesla, But Says Battery Investment Has Ford Ready to Compete

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The competition for electric vehicles is heating up. 

Which, of course, begs the question: Can anyone compare to Tesla?

So, when the CEO of Ford  (F) - Get Ford Motor Company Report, Jim Farley, joined TheStreet, we asked him about competition. 

"I respect what Tesla  (TSLA) - Get Tesla Inc Report has done. I think Tesla has been one of the most important and positive things that happened to our industry. We love competition at Ford and I can't wait to go into business with them in the truck market," Farley said. 

Can Lithium Supply Keep Up With Strong Electric Vehicle Demand?

Why should investors continue to believe in Ford’s stock? Head to Action Alerts PLUS to hear CEO Jim Farley’s outlook for Ford’s future. Watch the full interview here.

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