Tesla cuts prices in the U.S. and Europe to stoke sales after lackluster year-end deliveries
Publishing timestamp: 2023-01-13 08:14:17
Summary
Tesla is cutting prices in the US and Europe on its Model 3 and Model Y vehicles. This move may help Tesla qualify for more federal EV tax credits and increase sales volume. Tesla is facing more competition, higher interest rates, and slower consumer spending than in recent years. CEO Elon Musk sold billions of dollars of his Tesla shares last year to finance the leveraged buyout of Twitter. Tesla will report its 2022 fourth-quarter results on Jan. 25 2023.
Sentiment: NEUTRAL
Keywords: business news, autos, technology, tesla inc, volkswagen ag,
Source: https://www.cnbc.com/2023/01/13/tesla-cuts-prices-in-us-and-europe-to-stoke-sales.html