Stellantis, the parent company of Chrysler, warns of a potential 'bloodbath' in the electric vehicle (EV) market due to price cuts, taking a jab at Tesla's pricing strategy. Meanwhile, Ford has slashed production of its electric F-150 Lightning pickup, focusing more on its popular gas models. Stellantis CEO, Carlos Tavares, highlighted the risk of a 'race to the bottom' in pricing among EV makers, suggesting a negative impact on profitability.
Stellantis CEO: “Bloodbath” coming if EV makers follow Tesla and Musk in “race to the bottom” “I know a company that has brutally cut pricing, and their profitability has brutally collapsed,” Tavares also noted without naming Tesla. https://t.co/8QSxundLd5
Ford cuts production of EV truck Biden drove to push his green agenda Former Chrysler and The Home Depot CEO Bob Nardelli joined 'The Evening Edit' to discuss Ford cutting production of its F-150 Lightning pickup amid low EV demand. Source: Fox Business (YouTube) https://t.co/7ptsgmpVtM
Stellantis warns of EV ‘bloodbath’ as Ford cuts F-150 Lightning output https://t.co/ClPDA6VPD6 via @ft
Ford cuts production of EV truck Biden drove to push his green agenda https://t.co/Qne1B96kq3
Ford Slashes Production of Electric F-150s, Focuses Resources on Popular Gas Models via @gatewaypundit https://t.co/E4rfIBS6Wa
With Ford slashing F-150 Lightning production in half again, chances are looking better than ever that Cybertruck will be the best selling electric pick-up truck in 2024
Stellantis takes a jab at Tesla, warns EV price cuts could cause 'bloodbath' https://t.co/47rtZfkeLm by @EVPeteJohnson