Forget Tesla , the real competition in electric vehicles is low-cost Chinese automakers.
Farley wants to be prepared even if the U.S. government were to step in to curtail Chinese automakers' access.
Outlook Ford investors shouldn't be concerned in the short term since Chinese EV competitors won't enter the market overnight.
To that end, a group of lawmakers has urged the White House to boost tariffs on Chinese vehicles and figure out a way to be "prepared to address the coming wave" of Chinese vehicles by way of U.S. other trading partners.
The cost of production will become more efficient, resulting in a more competitive and hopefully profitable Ford EV product.
Persons:
Forget Tesla, Jim Farley, BYD, Ford, Farley, —, Warren, Berkshire Hathaway, Morgan Stanley, I've, Tom Narayan, Stellantis, Narayan, Tesla, Jim Cramer, Jim, It's, RBC's Narayan, Ford's Farley, Wolfe, Jeff Windau, Edward Jones, shouldn't, Biden, Windau, doesn't bode, Jim Cramer's, Charly Triballeau
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