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Price wars have been hurting profit margins in the electric vehicle industry.
Fool.com contributor Parkev Tatevosian deciphers a message sent by Ford (F 0.49%) in its latest quarterly earnings call and why it could be positive for Tesla (TSLA -3.21%) and Rivian (RIVN -2.47%) investors.
*Stock prices used were the afternoon prices of Aug. 1, 2023. The video was published on Aug. 3, 2023.
Parkev Tatevosian, CFA has positions in Apple. The Motley Fool has positions in and recommends Apple, Costco Wholesale, 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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