Elon Musk has started slashing prices on Tesla's electric cars. That's going to come back to burn him. Mike Windle/Getty Images; Jenny Chang-Rodriguez/Insider

Elon Musk has started an electric-vehicle price war that Tesla can't finish.

Under increasing pressure from new competition, Tesla spent the past year slashing the average price of its models by roughly 25%.

Elon Musk started a price war that Tesla can't win comes via ChinaTechNews.com.