By reducing prices four times in the last two months, Tesla has completely disrupted the car industry again. Once again, Elon Musk is ahead of everybody, and now every car maker, including Ford and GM, two of the largest automakers in the world, are poised to go head-to-head in a battle to have the lowest price for new EVs.
As the competition intensifies, prices are dropping and eating into profit margins. This video will explain the reason behind the price war, how it’s affecting the market, and what it could mean for the future of electric vehicles.
If you’re looking at buying a new car soon, watch this video and then decide.
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