Tesla cuts prices in China, Germany and around globe after US cuts

The Tesla logo is seen through a charging station outside a store of the electric vehicle maker in Beijing, China Jan 4, 2024.BEIJING/FRANKFURT — Tesla has cut prices in a number of its major markets, including China and Germany, following price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles , especially against Chinese EVs.

Tesla, the EV market leader, ignited an EV price war over a year ago by aggressively cutting prices at the expense of profit margins. There were also price cuts in many other countries in Europe, the Middle East and Africa, a Tesla spokesperson said.

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