Tesla (TSLA -0.40%) 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 3.64%) and Ford (F 3.06%), along with weakening demand at EV startups Lucid Group (LCID -1.39%) and Rivian (RIVN -0.46%).
*Stock prices used were from the afternoon of Oct. 25, 2023. The video was published on Oct. 29, 2023.
