Honestly, if I was a Ford shareholder, I would be dumping my shares as fast as possible - there's no coming back from an open admission of defeat like that. He flat out said they can't win, the barriers of entry are too high, and the key one (software like Xiaomi) doesn't even really exist yet.
As others point out, the western automakers did this to themselves. Hoo boy did China out capitalism. Ironic