Tesla cuts prices around the world as sales decline in a chaotic week
by Guardian staff and agencies from Technology | The Guardian on (#6M81B)
Global vehicle deliveries fall for first time in four years amid growing competition, while Cybertruck faces recall
Tesla slashed prices of three of its five models in the US late on Friday, then went on to cut prices around the globe - including in China and Germany - as the company faces falling sales, a Cybertruck recall and an intensifying war for electric vehicles (EVs).
On Friday, the company, led by the billionaire Elon Musk, cut the prices of the Model Y, a small SUV that is Tesla's most popular model and the top-selling electric vehicle in the US, and also of the Models X and S, its older and more expensive models. Prices for the Model 3 sedan and the Cybertruck stayed the same.
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