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Fortune

Christiaan Hetzner

Elon Musk’s price war pays off as Ford's EV losses soar in Q1

Ford Elon Musk Tesla Inc. United States Jim Farley

Ford CEO Jim Farley is hoping to reduce heavy losses at his EV division. (Credit: Dia Dipasupil—Getty Images)

Elon Musk’s risky strategy of piling on one margin-eroding price cut after the other is already paying dividends—by ramping up the pain for Tesla’s competitors.

Ford announced on Tuesday sweeping price cuts for its Mustang Mach-E in the U.S. market, where the crossover was the bestselling EV last year not built by Musk.

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Colorado woman was accused of stealing by sergeant who said he’d been watching her movements for a month. She is now suing both him and Flock Safety

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Another surveillance fiasco.

We Got This Covered

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The Independent UK

Abdul El-Sayed: Democrats must ‘win by massive numbers’ to fend off Trump election denial

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One subscription that gives you access to news from hundreds of sites

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Isaias Leaves More Than 390,000 Alabama and Florida Customers Without Power as Officials Warn About Generator Carbon Monoxide

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