Tesla slashes Model Y prices in Europe
No reason was given for the move but EV demand has generally been slowing
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No reason was given for the move but EV demand has generally been slowing
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Tesla lowered prices for its Model Y electric vehicles in Germany a week after it made similar reductions in China.
Tesla's price cuts in China couldn't prevent the EV maker shedding 7% of its share price as BYD and Volkswagen turn up the heat.
Elon Musk has said he's willing to sacrifice profit margins for market share. He may be losing both.