Ford Just Delivered Bad News for Tesla Investors
Robotaxis are projected to maintain a 71.9% CAGR through 2034, but the field is getting more crowded.
Overview
Ford Motor Company (NYSE: F) scaled back from electric vehicle (EV) models last year, and that was certainly good news for Tesla (NASDAQ: TSLA). However, the company has now announced major news that can bite into one of Tesla's most lucrative markets.
Ford hinted that its vehicles will achieve "point-to-point autonomy" in 2028. The company has Apple executives working on the technology, and it can help Ford enter the robotaxi industry.
Image source: Getty Images.
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Originally published at www.fool.com.
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