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Ford Slashes EV Prices Following Tesla as Price Wars Intensify

Ford Slashes EV Prices Following Tesla as Price Wars Intensify

Ford (NYSE: F) is following Tesla (NASDAQ: TSLA) in cutting electric vehicle (EV) prices. Typically, when a company follows a competitor in cutting prices, it signifies the start of a price war. These actions tend to bring profit margins down industrywide, which is terrible news for investors.