More Tesla Price Cuts Coming? Musk Says It All Depends On Market Stability: 'I Don't Know What's Going On'
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk has indicated that the company may further cut prices on its vehicles depending on market stability. Musk noted that the affordability of anything bought with debt decreases as interest rates rise. Tesla has been cutting prices on its vehicles since January, starting a price war in the EV market. However, Tesla’s vehicle prices have been stable with no major price changes for the last two months.
July 20, 2023 | 8:08 am
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Tesla may further cut vehicle prices depending on market stability, which could impact its revenue and profitability. However, the company's vehicle prices have been stable for the last two months.
If Tesla cuts its vehicle prices, it could lead to a decrease in revenue and profitability, negatively impacting its stock price. However, the company's vehicle prices have been stable for the last two months, which could indicate that the impact may not be immediate.
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