Tesla slashes prices globally by as much as 20 percent
Posted: Sat Jan 14, 2023 5:39 am
Tesla slashes prices globally by as much as 20 percent
https://www.aljazeera.com/economy/2023/ ... much-as-20
Tesla chief Elon Musk acknowledged last year that prices had become 'embarrassingly high' and could hurt demand.
Published On 13 Jan 2023
Tesla has slashed prices globally on its electric vehicles by as much as 20 percent, extending an aggressive discounting strategy and challenging rivals after missing Wall Street delivery estimates for 2022.
The move was announced after CEO Elon Musk warned that the prospect of a recession and higher interest rates meant the company could lower prices to sustain volume growth at the expense of profit.
https://www.aljazeera.com/economy/2023/ ... much-as-20
Tesla chief Elon Musk acknowledged last year that prices had become 'embarrassingly high' and could hurt demand.
Published On 13 Jan 2023
Tesla has slashed prices globally on its electric vehicles by as much as 20 percent, extending an aggressive discounting strategy and challenging rivals after missing Wall Street delivery estimates for 2022.
The move was announced after CEO Elon Musk warned that the prospect of a recession and higher interest rates meant the company could lower prices to sustain volume growth at the expense of profit.