Hyperdrive
Ford’s CEO Is Exploring Ways to Separate Its EV Business to Unlock Tesla-Like Value
- Founding family’s control likely to be a factor in any change
- Carmaker seeks Tesla-like valuation to advance in electric age
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Ford Motor Co. is looking at ways to separate its electric-vehicle operation from its century-old legacy business, hoping to earn the sort of investor respect enjoyed by Tesla Inc. and other pure-play EV makers.
Chief Executive Officer Jim Farley wants to wall off Ford’s electric operations from its internal combustion engine business and has even considered spinning off one or the other, people familiar with the effort said. A spinoff could generate the kind of earnings multiples that have given Tesla a market value approaching $1 trillion.