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 Stock

There is nearly no change for the General Motors Corp stock today. Compared to yesterday it only changed by €0.015.
Currently there is a rather positive sentiment for General Motors Corp with 37 Buy predictions and 7 Sell predictions.
With a target price of 48 € there is a slightly positive potential of 18.14% for General Motors Corp compared to the current price of 40.63 €.

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