Tesla Reignites Price War With More Cuts In China ...Middle East

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Tesla Reignites Price War With More Cuts In China
source : OILPRICE ( Middle East ) () 14
Tesla shares are slumping nearly 2% in pre-market trading on Wednesday after the automaker continued to cut prices - this time by as much as 6.9% for its Model S and Model X vehicles in China. The company posted on Weibo that its Model S price was being cut 6.7% to 754,900 yuan ($103,477) from 808,900 yuan prior. The company's Model X is priced 6.9% lower at 836,900 yuan, down from 898,900, according to Reuters.  This follows cuts the automaker made on Monday to its Model Y, which continued to keep Wall Street's focus on the automaker's…

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