Tesla's price cuts drag share prices sharply lower

Tesla's price cuts drag share prices sharply lower

a year ago
Anonymous $5YzO3NGzaX

https://apnews.com/article/tesla-musk-price-cuts-share-price-4defe6cff38dd9c24639c30cd20944ae

DETROIT (AP) — Tesla shares fell sharply at the opening bell Thursday after the company felt the sting of numerous price cuts it made across its model line up this year in hopes of energizing sales.

Tesla is shaving thousands of dollars of the price of its cars as American consumers pull back spending on big ticket items, anxious over elevated inflation and a pair of U.S. banks collapsed during Tesla's first quarter.

Tesla's price cuts drag share prices sharply lower

Apr 20, 2023, 2:21pm UTC
https://apnews.com/article/tesla-musk-price-cuts-share-price-4defe6cff38dd9c24639c30cd20944ae > DETROIT (AP) — Tesla shares fell sharply at the opening bell Thursday after the company felt the sting of numerous price cuts it made across its model line up this year in hopes of energizing sales. > Tesla is shaving thousands of dollars of the price of its cars as American consumers pull back spending on big ticket items, anxious over elevated inflation and a pair of U.S. banks collapsed during Tesla's first quarter.