Look out Tesla Motors Inc (TSLA), Here Comes Ford Motor Company (F)

Tesla isn’t the only one that has to keep an eye on Ford’s progress. According to Ford, last month 64% of C-MAX hybrid buyers switched over from non-Ford brands. Toyota Motor Corporation (ADR) (NYSE:TM)’s Prius was the vehicle most often traded in for the C-Max – contributing to why Toyota’s share in the EV market dropped eight share points while Ford’s claim jumped 12 share points.

Bottom line
Only time will tell how Tesla Motors Inc (NASDAQ:TSLA) fares in the U.S. market as its groundbreaking vehicles continue to gain popularity and perhaps decline in price. Tesla as a company is very impressive and is disrupting an automotive industry that has long been dominated by the same old model of using internal combustion engines. One thing we know for sure is that businesses adapt or die, and as demand grows for vehicles such as Tesla’s Model S, you can bet that Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), and Toyota Motor Corporation (ADR) (NYSE:TM) will eventually join the party in full force by throwing hundreds of millions of dollars into research and development, which will change everything. To put it bluntly, I’m rooting for Tesla but I’m staying on the sidelines and avoiding a long position for now – Ford seems like a safer bet with plenty of room to run for investors.

The article Look out Tesla, Here Comes Ford originally appeared on Fool.com and is written by Daniel Miller.

Fool contributor Daniel Miller owns shares of Ford and General Motors. The Motley Fool recommends Ford, General Motors, and Tesla Motors (NASDAQ:TSLA). The Motley Fool owns shares of Ford and Tesla Motors.

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