Jim Farley and Elon Musk
Ford and Tesla have been both friend and rival over the past few years as Ford races to electrify and snatch up some of Tesla's market share.
  • Ford CEO Jim Farley said Tesla's price cuts are reminiscent of Ford's Model T days.
  • The executive told the Fully Charged podcast that this moment is Tesla's "next big test."
  • Farley and Elon Musk have had an interesting dynamic as the EV-makers compete for market share.

Where Tesla sits right now reminds Ford CEO Jim Farley a lot of the early days of his own auto company.