Ford Motor (F) CEO Jim Farley said Tesla (TSLA) could start a price war and turn certain electric vehicle models into commodities after it cut its prices twice in the past month, Keith Naughton and David Welch of Bloomberg reports. At a charity event in Detroit, Farley said Tesla’s moves to bolster growth are "completely rational" and "price wars are breaking out everywhere. Who’s going to blink for growth?" The recent cuts have hurt Tesla’s margins while also reverberating across the auto industry as other companies race to catch up. Reference Link
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on F:
