Austin-based Tesla has slashed prices up to 20% across its U.S. product line, making its electric vehicles affordable to more Americans and potentially boosting underperforming sales.
Tesla has slashed prices up to 20% across its U.S. product line, making its electric vehicles affordable to more Americans and potentially boosting underperforming sales.Tesla has slashed prices up to 20% across its U.S.
The price reductions come after Tesla’s sales lagged behind expectations last year. In the fourth quarter of 2022, the company fell 15,000 cars short of meeting its Wall Street delivery estimates. The Austin, Texas-based carmaker is facing increased competition in the electric vehicle market, and Musk recently said that rising interest rates and the prospect of a recession could prompt the company to lower prices in order to boost demand.“But we've also had a lot of supply chain and production shocks and we've got crazy inflation," he said then.that year-over-year inflation in December was 6.5%, down from 7.1% in November. It was the sixth straight month of decline.
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