Tesla cuts price in US as well as Europe to increase demand
Tesla cuts price in US as well as Europe to increase demand. Tesla Inc (NASDAQ:TSLA) is cutting the price of the electric vehicle (EV) within Europe and the United States and Europe by 20 percent in a move to continue its aggressive discounting following the failure of estimates of 2022 deliveries, Reuters has revealed. The decision came shortly after the CEO Elon Musk also warned about the threat of a recession and increased interest rates could be possible to lower the price of vehicles to support growth in volume, but with the loss of profits. The reduction in pricing across…