Market News

Ford Slashes Mustang Mach-E Prices; EV Sector Falls

Shares of Ford (NYSE:F) are down today after the company announced it will slash the prices of its Mustang Mach-E in order to mirror Tesla’s (NASDAQ:TSLA) decision. Tesla’s price cuts now put other EV makers in a more difficult position as none of them come close to matching its gross profit margin.

As a result, the overall EV market is down across the board today, with the iShares Self-driving EV & Tech ETF (IDRV) down 1.5% at the time of writing. Investors were already worried about the auto sector before this price war was initiated due to the deteriorating macroeconomic backdrop. With Tesla now flexing its muscles, profitability will likely become much more difficult. Other ETFs that are related to EVs are as follows:

  • Global X Autonomous & Electric Vehicles ETF (DRIV)
  • KraneShares Electric Vehicles & Future Mobility ETF (KARS)
  • SPDR S&P Kensho Smart Mobility ETF (HAIL)


Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More