Home / Technology | Science & Space / Tesla cuts U.S. prices on all vehicles, shares drop

Tesla cuts U.S. prices on all vehicles, shares drop

Tesla Inc on Wednesday cut U.S. prices for all its vehicles to offset lower green tax credits, and fell short on quarterly deliveries of its mass-market Model 3 sedan, sending shares of the electric vehicle maker down nearly 7 percent on worries of future profitability. Analysts questioned whether the $2,000 price cut on all models signaled lower demand in the United States, and ultimately whether the move would undermine nascent profitability at the Silicon Valley

Check Also

Huawei to spend $2 billion over five years in cybersecurity push

Huawei Technologies [HWT.UL] on Tuesday said it would spend $2 billion over the next 5 …

Former Facebook worker says firm not doing enough to deal with racial discrimination

A former Facebook Inc employee who worked closely with racial minority groups said in a …