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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 1.23%) in its latest quarterly earnings call and why it could be positive for Tesla (TSLA 5.46%) and Rivian (RIVN 2.03%) investors.
*Stock prices used were the afternoon prices of Aug. 1, 2023. The video was published on Aug. 3, 2023.
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
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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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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