Tesla Cuts Prices Sharply as It Moves to Bolster Demand
The price reductions in the United States will make more of the
company's electric vehicles eligible for a federal tax credit.
Tesla has cut prices on most of its electric cars in the United States
and Europe by as much as 20 percent in a bid to spur slackening
demand.
The automaker faces increasingly stiff competition in the global
market for electric vehicles. It also must contend with rising
interest rates in the United States, which have increased the cost of
financing vehicle purchases.
"I think Tesla recognizes they are not the only game in town and the
Detroit companies are jumping into the deep on with E.V.s," said Dan
Ives, a Wedbush analyst. "I think the price cuts mean Tesla is going
to rip the Band-Aid off and try to go on the offensive."
https://www.nytimes.com/2023/01/13/business/tesla-price-cut.html
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When will Musk learn that most Twitter users don't (i.e. CAN't) buy
Tesla's vehicles....and those that do, don't like his rhetoric.
--- SoupGate-Win32 v1.05
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