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Benzinga
Benzinga
Business
Surbhi Jain

Forget Robotaxis - Ford Just Drove Straight Into Tesla's Valuation Problem

Ford Jim Farley Alphabet Nasdaq Tesla Inc. Waymo Elon Musk
Dearborn,,Michigan,Usa,-,June,10,,2022:,Ford,Motor,Company

Ford Motor Co (NYSE:F) CEO Jim Farley didn't just question Tesla Inc's (NASDAQ:TSLA) approach to autonomy—he challenged the logic behind betting on it.

Speaking at the Aspen Ideas Festival, Farley said Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo's lidar-based system makes more sense than Tesla's camera-only model, citing consumer trust and safety. But beneath the tech debate lies something even more jarring: Tesla's valuation is pricing in a robotaxi revolution that isn't here yet – and Ford just put that on blast.

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