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.