Tesla (TSLA 0.46%) has slashed its car prices, sending its margins and profits down sharply. In this video, Motley Fool contributors Jason Hall and Jeff Santoro break down how this strategy could be a great way to take market share, but it could also be a sign of trouble brewing, based on what we are hearing from other automakers, including legacy giants General Motors (GM +1.45%) and Ford (F +1.13%), along with weakening demand at EV startups Lucid Group (LCID +3.23%) and Rivian (RIVN +10.70%).
*Stock prices used were from the afternoon of Oct. 25, 2023. The video was published on Oct. 29, 2023.
