Tesla to have New Robotaxi Competition from Ford

Ford Motor Company (F) will be releasing vehicles with autonomous driving features in 2028, and Tesla may be competing directly with them through its robotaxi service.

On Thursday, Tesla (TSLA) stock climbed 3.14% after weeks of decline. The company’s stock may be overvalued according to some analysts since they have been unable to keep up with last year’s growth and revenue in 2026. They may face another negative factor in Ford’s upcoming autonomous driving release.

Ford is moving away from the electric vehicle side of the business, giving Tesla more space there. However, they are dropping hints that they will be releasing vehicles with point-to-point autonomy. If they do release vehicles with the ability to drive autonomously, that could cut into Tesla’s market share in the robotaxi sector in a big way.

Can Tesla Handle Another Competitor?

The robotaxi service that Tesla launched in 2025 and has been gradually expanding around the United States. Launching first in Texas and then spreading to California, it has recently made its way into Georgia and Florida as well. The service has its competition, primarily from Zoox, Waymo, and Apollo Go, but these do not have the name recognition of Tesla.

If Ford were to enter the market, they would have incredible brand recognition that would help them stand out and gather a customer base quickly. Tesla has suffered tremendously over the last two years due to its CEO’s associations with President Donald Trump and concerns that Elon Musk has made the company too political.

Then there is the problem of potential overvaluation. With declining profits and falling interest in electric vehicles from consumers, Tesla is not the company it used to be. One of the biggest blows they were dealt is from the loss of the EV tax credit system the United States government had set up. With that system gone, there is less incentive than ever for consumers to buy Tesla vehicles or any electric vehicles.

Tesla stock is constantly brought up in conversations about which company is the most overvalued in the market. The company’s connection to CEO Elon Musk helps make the asset more attractive, but is there real value there for investors and can the stock retain its value under trying conditions? Another competitor for one of Tesla’s divisions could expose the problem even more.

ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.

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