Tesla and Ford's EV price cuts make no sense, but Elon Musk has the edge over his rivals due to scale, Bank of America says
Neither move made much sense, according to Bank of America, though Tesla still holds a near-term advantage, the bank analysts said.
On one hand, Elon Musk's decision for Tesla could have been driven by easing demand or his target 50% growth rate, though BofA noted the approach was still strange.
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