Ford Motor Co. CEO Jim Farley is the latest legacy-automaker executive to warn employees that electric-vehicle segment leader Tesla Inc. needs to be taken seriously, Electrek reported on Monday, citing Detroit Free Press. What Happened Farley praised Tesla’s overall prowess in a recent internal meeting and said the Elon Musk-led company makes electric vehicles better than the rest and deserves that respect from the legacy player. “If Ford was a trillion-dollar company, our stock would be worth about $250 a share. Think about the value creation of Tesla right now,” Farley said, adding that Tesla has the right resources, smart talent, and successful products. Farley noted that Tesla’s Model 3 electric sedan is the best-selling vehicle in Europe and the UK and it is also the best-selling vehicle in California most months. “Not just electric, but overall. If we’re going to succeed, we can’t ignore this competition anymore.” Farley went …