https://wccftech.com/tesla-shares-fall-as-prices-are-lowered-across-lineup/

In an SEC filing, Tesla updates public on price cuts and action to combat tax credit reductions.

It was public knowledge that the tax credit offered to electric vehicle owners was going to be phased out, as of January 1st 2019 the credit fell from $7500 to $3750. Tesla (NASDAQ:TSLA) in a move to maintain sales has absorbed some of the cost difference with a broad price reduction of $2000 across their lineup. As time progresses, the credit will continue to fall in the U.S. In an ideal scenario for Tesla they can improve their efficiency at an equivalent or greater pace than the government credit declines, but this seems unlikely based on recent earnings and production levels.