Tesla cuts prices in US to spur demand

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Tesla cuts prices in US to spur demand
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Tesla has slashed prices of its electric vehicles in the United States, its website showed, doubling down on a discount drive against the backdrop of a weakening economy $TSLA

Tesla electric vehicles fast-charge using Tesla Superchargers at a Buc-ee’s travel center and gas station in Baytown, Texas, U.S., March 18, 2023. REUTERS/Bing Guanhas slashed prices of its electric vehicles in the United States, its website showed on Thursday, doubling down on a discount drive against the backdrop of a weakening economy.

The move follows repeated comments in recent months by Chief Executive Elon Musk that Tesla would focus on lowering prices to spur demand and had seen success in sparking orders with global discounts introduced in January.

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