NEW YORK: Tesla on Friday (Jan 14) announced it will cut the price of its best-selling electric vehicle models up to 20 per cent in Europe and the United States, launching a price war as more rivals hit the market. Shares in the Elon Musk-led company have plummeted for more than a year and fell as much as
NEW YORK: Tesla on Friday announced it will cut the price of its best-selling electric vehicle models up to 20 per cent in Europe and the United States, launching a price war as more rivals hit the market.
However, Ives said the price cut was the"right move" and"a clear shot across the bow at European automakers and US stalwarts that Tesla is not going to play nice in the sandbox". In 2022, the group delivered a record 1.31 million electric vehicles, a 40 per cent year-on-year jump.
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