The sub-headline sums it up pretty well: "The EV maker’s sudden move pressures rivals, crimps used-Tesla values" The window for startup entrants is closing, an

The sub-headline sums it up pretty well: "The EV maker’s sudden move pressures rivals, crimps used-Tesla values" The window for startup entrants is closing, and closes a bit faster now. It was always monumentally hard to get into making vehicles. You can't overstate the accomplishment of turning Tesla into a viable car maker. I expect some of them to fold this year. Maybe Rivian survives because they make a unique product for one customer. Ford and GN are probably in good shape if they continue to execute well. Ford might have to roll back their F150 Lightning price increases a bit, but that product has no direct competition. What's ridiculous is that $TSLA is up on the news of price cuts that cut margins. That's the core issue. At best it means Tesla overshot previous price increases.