Stellantis CEO Carlos Tavares has claimed that cutting electric vehicle prices too rapidly will become a “race to the bottom” as companies compete for market share in the new automotive industry. The claim comes off as a dog whistle to other incumbent OEMs to maintain high prices and margins despite an evident willingness from new entrants like Tesla and other startups to trade profit margin for additional market share. Tavares’ statement echoes those made by General Motors and Ford as incumbent OEMs struggle to compete, with Tesla and Chinese companies increasingly gaining market share with superior product offerings. The Volkswagen Group, Stellantis, GM, and Ford have been leading the charge to decry further price reductions as they remain behind in…