Tesla (TSLA -0.53%) 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 -5.10%) and Ford (F -2.94%), along with weakening demand at EV startups Lucid Group (LCID -4.44%) and Rivian (RIVN -2.66%).
*Stock prices used were from the afternoon of Oct. 25, 2023. The video was published on Oct. 29, 2023.
