Tesla s Price War: Even market leader Tesla has warned of "turbulent times" and traditional automakers with deeper pockets including Ford Motor are losing money on EVs. The squeeze has already claimed its first casualty in electric truck maker Lordstown Motors, which filed for bankruptcy in June.
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Even market leader Tesla has warned of "turbulent times" and traditional automakers with deeper pockets including Ford Motor are losing money on EVs. The squeeze has already claimed its first casualty in electric truck maker Lordstown Motors, which filed for bankruptcy in June.
U.S. electric vehicle startups are
expected to show the impact of Tesla s price war when they
report quarterly results over the next few days, with investors
awaiting details on how the companies are.