Telsa cuts prices. Legacy automakers refuse to engage in price wars. Another thing is many legacy automakers have cut their ICE vehicle production over the years so their ICE vehicles have been able to raise prices and command hefty profits to offset any losses from EVs.
other manufacturers' evs aren't much cheaper but their performance and features are much worse
I think it means they acknowledge current price is sufficient to outcompete legacy auto regardless of their price. There is no point lower any further except damaging each other. Legacy auto cannot sustain lowering price further without incurring heavy loss.
