Ford cuts prices on electric Mustang Mach-E, following Tesla's lead

TL;DR

Wall Street analysts and investors largely applauded Tesla's price reductions as a way to drum up demand and increase sales, despite concerns the move would erode some profits. In Ford's case, the price cuts will mean not all Mach-E models, based on the trim, will be profitable on a per-unit basis, according to Marin Gjaja, chief customer officer of Ford's electric vehicle business. Global Business and Financial News, Stocks, Quotes, and Market Data, and Analysis

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