Tesla cuts U.S. prices on all vehicles, shares drop

Tesla cuts U.S. prices on all vehicles, shares drop

5 years ago
Anonymous $L9wC17otzH

https://www.reuters.com/article/us-tesla-deliveries/tesla-cuts-u-s-prices-on-all-vehicles-shares-drop-idUSKCN1OW0ZR

Tesla Inc on Wednesday cut U.S. prices for all its vehicles to offset lower green tax credits, and fell short on quarterly deliveries of its mass-market Model 3 sedan, sending shares of the electric vehicle maker down nearly 7 percent on worries of future profitability. Analysts questioned whether the $2,000 price cut on all models signaled lower demand in the United States, and ultimately whether the move would undermine nascent profitability at the Silicon Valley