One: Bite the bullet and follow suit with price cuts, but the razor-thin profit margins—or even the fact that some automakers have been operating at a net loss—make it completely unsustainable.
Two: Let Tesla cut prices unilaterally without following suit with any adjustments of their own. But if they do that, how is it any different from handing over their own market share on a silver platter?
In today's information-transparent internet era, once Tesla drops its prices, what will these companies have left to compete with Tesla in the market, built as they are on absolute value for money?
Chapter 672