Tesla cut prices for some of its vehicles sold in the U.S. by nearly 20%, aiming to lure new buyers
Tesla closed its worst year in its stock’s history, shedding about $675 billion in market valuation in 2022—the same year CEO Elon Musk bought Twitter. But reasons for the selloff go well beyond the social media company. WSJ’s Sean McLain explains.
Photo illustration: Amber Bragdon/Getty ImagesTesla Inc. cut prices for some of its vehicles sold in the U.S. by nearly 20%, aiming to lure new buyers at a time Wall Street is concernedThe cuts, which span Tesla’s lineup, are likely to allow some buyers to qualify for a $7,500 U.S. government tax credit.
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