Tesla & Ford Price Drops! | Is this an EV price war?

Earlier in January, Tesla dropped their prices and just today, Ford has announced a price decrease for the Mustang Mach-E. We take a look at how this will affect the rest of the market including the used EV market. Will used Tesla prices continue to drop? Will the IRS modify their rules for the new EV tax credit? There are a lot of unknowns!

*** Update ***
The IRS reclassified the Mach-E as an SUV so all models now qualify for the federal tax credit.

Ford price cut announcement:
https://media.ford.com/content/fordmedia/fna/us/en/news/2023/01/30/ford-to-significantly-increase-production-of-mustang-mach-e-in-2.html

#teslapricecut #machepricecut #mustangmache

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