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Easing competitive pressure could do wonders for Tesla's and Nio's profit margins.
Fool.com contributor Parkev Tatevosian discusses why a pact among rivals to stop the price war could be great news for Tesla (TSLA 5.59%) and Nio (NIO -0.28%) stock investors.
*Stock prices used were the afternoon prices of July 6, 2023. The video was published on July 8, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nio and Tesla. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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