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flag Ford found Tesla and Chinese EVs out-engineered it, leading to a $5B overhaul and new $30K electric pickup by 2027.

flag Ford CEO Jim Farley revealed that teardowns of Tesla and Chinese EVs uncovered major engineering advantages, including the Mustang Mach-E having nearly a mile more wiring than the Model 3, prompting a strategic overhaul. flag Despite a $5 billion loss in 2024, Ford is investing $5 billion to retool its Kentucky plant and develop a $30,000 electric pickup for 2027. flag Farley warned Chinese automakers pose an existential threat, citing their affordability and technological edge, while acknowledging U.S. EV adoption remains low at around 5% despite record sales in 2025.

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