What Tesla's Price Hike Means for Ford

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Tesla  (TSLA) - Get Report has recently increased the price of its vehicles, which obviously did not sit well with its customers. 

A Twitter  (TWTR) - Get Report user by the name Ryan, asked the reason behind the price hike to its CEO Elon Musk. Surprisingly, Musk responded and blamed it on raw materials.

"Prices increasing due to major supply chain price pressure industry-wide. Raw materials especially," Musk tweeted.

So, what does this mean for a rival company like Ford  (F) - Get Report?

Jeff Marks, Senior Portfolio Analyst at Action Alerts PLUS, sat down with Chris Versace, the co-manager of Trifecta Stocks and Stocks Under $10, to discuss Tesla and more. 

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