Farley’s strategy of separating Ford’s gasoline and electric vehicle activities aims to tap into the creative potential of the company’s talent. While investors may view some of the ambitious goals with skepticism, they recognize the importance of leveraging Ford’s expertise to compete in the EV space.
It is puzzling that Farley, the leader of America’s second-largest EV maker, would display such deference to Musk. While partnerships with competitors can be laudable and beneficial, excessive deference can be interpreted as an admission of an inability to compete.
Musk, on the other hand, appreciates Ford’s historical contributions to the automotive industry but remains focused on Tesla’s current position and future growth. He can afford to be magnanimous and foster friendly relationships as long as competitors stay in their respective lanes.
