Tesla shares under pressure after carmaker announces price cuts
by Dan Milmo Global technology editor from on (#6M8BS)
CEO Elon Musk postpones India trip ahead of results expected to show worst performance in seven years
Shares in Tesla came under pressure on Monday after the electric carmaker announced a round of price cuts ahead of a difficult set of results for the company's chief executive, Elon Musk.
Tesla stock fell as much as 5% in early trading before recovering slightly to a deficit of 3.4% in the wake of the price reductions around the globe, including slashing the cost of three of its leading electric vehicles (EVs) and its self-driving software.
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