Tesla (TSLA +2.06%) 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 2.65%) and Ford (F 1.39%), along with weakening demand at EV startups Lucid Group (LCID +0.80%) and Rivian (RIVN 3.37%).
*Stock prices used were from the afternoon of Oct. 25, 2023. The video was published on Oct. 29, 2023.
