Tesla cuts Model S and Model X prices in the U.S. to stoke demand
Publishing timestamp: 2023-03-06 11:08:51
Summary
Tesla has reduced the prices of its Model S and Model X cars by 5% and 9% respectively, in a bid to stoke demand for its cars. This has sparked a price war among carmakers, with Ford slashing prices on its electric Mustang Mach-E crossover by up to 8%. Tesla is also working to reduce production costs by developing an EV motor that can be built without rare earth metals.
Sentiment: POSITIVE
Keywords: business news, ford motor co, business, transportation, joe biden, technology, tesla inc, autos,