Tesla Slashes Prices of EVs Worldwide by Around $2000
Tesla has introduced notable price cuts in various important markets worldwide to tackle falling sales and rising competition in the electric vehicles (EVs) industry.
The price adjustments follow similar cuts in the United States. They are seen as part of Tesla’s strategy to stay competitive amidst increasing rivalry, particularly from Chinese EVs manufacturers.
The decision to lower prices comes after Tesla announced a drop in global vehicle deliveries during the first quarter. This marks its first decline in nearly four years.
Elon Musk, CEO of Tesla, acknowledged the necessity for regular price changes to align with demand. It highlights the dynamic nature of the automotive market.
Among the significant price reductions, Tesla cut the starting price of the Mod...