Ford (F) Considers Making Tesla-Like Vehicle (TSLA)

Tesla Motors (Nasdaq: TSLA) is on watch Friday following commentary from segment peer Ford Motor (NYSE: F).

Ford CEO Mark Fields commented today that Ford is considering making a higher-performance, Tesla-style electric vehicle.

It's consistent with our product philosophy, the executive said during a Q&A session following Ford's Q3 report.

Ford clearly has the manufacturing capability and sourcing ability to make such a vehicle. In addition, the company won't face patent litigation with Tesla opening up its portfolio earlier this year.

We drove it. We took it apart. We put it back together and we drove it again, Fields said.

Shares of Tesla are down 0.9 percent.

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