The top teams are at loggerheads with Liberty Media over the plans for 2021, featuring different engine rules and a proposed budget cap.
Lauda told Wirtschaftswoche: “There is a limit for the top teams.
“It’s possible that one or the other will get out if it goes in the wrong direction.”
Mercedes has announced that it will join Formula E in 2019.
“Only three years ago I would not have given Formula E a chance,” team boss Toto Wolff told Bild newspaper. “But times have changed.”
However, he said F1 remains Mercedes’ top ticket.
“Formula one is the only global platform that transports our brand,” he said.