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Will the Latest Tesla EV Price Cuts Be Enough? [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The automaker has recently made the decision to lay off more than 10% of its workforce, shortly after launching deliveries of the Cybertruck. Tesla is now facing several competitors in its segments, amid an observed industry-wide decline in demand for EVs. Over the past 12 months Tesla has been mostly slashing prices on its vehicles , taking part in what has been described as a price war in several markets with other EV manufacturers. But the EV maker isn't done cutting prices just yet. Tesla has lowered prices for most of its lineup, including the Model S Model Y , and Model X by $2000. Among other things, this has lowered the price of the Model Y to $44,380, prior to various federal and state incentives. The only model that hasn't benefitted from the latest round of price cuts is the Model 3 Tesla has also lowered the price of the so-called Full Self-Driving system for the second time in recent months , dropping it by a $2000 increment. This has brought the one-time p
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