US automaker Tesla has announced price cuts on its electric vehicles amid investor concern over growing competition and rising interest ratesTesla on Friday announced it will cut the price of its best-selling electric vehicle models up to 20 percent in Europe and the United States, launching a price war as more rivals hit the market.
However, Ives said the price cut was the"right move" and"a clear shot across the bow at European automakers and US stalwarts that Tesla is not going to play nice in the sandbox." In 2022, the group delivered a record 1.31 million electric vehicles, a 40 percent year-on-year jump.
Is he doing that to recover the over £160 billion he lost?
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