Secretive Ford ‘Skunkworks’ Team Developing Cheap EV to Beat Tesla and China
Tesla went from a high-end electric automaker to a mass-market car company when Model 3 and Model Y sales hit big numbers. Those two EVs flipped the script, forcing legacy automakers to accelerate the development of affordable electric cars. Ford responded by poaching one of Tesla's top engineers and building a team around him, and as the Blue Oval's CEO Jim Farley divulged on an earnings call Tuesday, they've essentially created an in-house startup aimed at developing a low-cost EV.