Ford Motor falls further behind upstart Tesla

Ford Motor, founded 100 years before Tesla, is paying the price for a sudden role reversal: It’s now the one struggling to produce a new model on time, at scale and without losing money.

Ford shares fell as much as 10%, their biggest daily drop since July 2016, after the automaker projected lower-than-expected profit for this year and reported that 2019 ended with a quarterly net loss.