Tesla Price Cuts Take a Huge Bite From Profits: Brilliant Move or Warning Sign?

Tesla (NASDAQ: TSLA) 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 (NYSE: GM) and Ford (NYSE: F), along with weakening demand at EV startups Lucid Group (NASDAQ: LCID) and Rivian (NASDAQ: RIVN).

*Stock prices used were from the afternoon of Oct. 25, 2023. The video was published on Oct. 29, 2023.

Source Fool.com

General Motors Corp Aktie

Wenig Bewegung bei General Motors Corp: Der Kurs ändert sich um nur 0,04 % gegenüber gestern.
Leichtes Buy-Interesse bei General Motors Corp, mit mehr Buy- als Sell-Einschätzungen.
Das Community-Kursziel von 48 € für General Motors Corp deutet auf ein leicht positives Wachstumspotenzial gegenüber 40.63 € hin.

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