Tesla Offers Deep Discounts On Inventory Model 3 EVs In US, Canada Even As Stock Stutters Amid Price Cuts
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (NASDAQ:TSLA) has reportedly discounted its inventory Model 3 vehicles in the U.S. and Canada by $3,000-$5,000. The company is preparing to launch a refreshed version of the Model 3. The discounts come as Tesla's stock has been struggling due to concerns about the impact of price cuts and discounts on margins, and fears of a demand problem.
August 31, 2023 | 5:46 am
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NEGATIVE IMPACT
Tesla's stock may be negatively impacted in the short term due to concerns about the impact of price cuts and discounts on margins, and fears of a demand problem.
The news of Tesla's discounts on its Model 3 vehicles comes as the company's stock has been struggling. Investors are worried about the impact of these price cuts and discounts on the company's margins. There are also fears that the company is facing a demand problem, which could further negatively impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100