Tesla’s strategy to fuel EV sales? Keep cutting prices

Tesla may be a relative newcomer compared to legacy companies like GM and Ford, but it has adopted an age-old tactic in the industry: price wars.
The automaker has lowered the sticker price on its vehicles in the U.S. and China numerous times since last fall. And any speculation that the cuts would stop in 2023 ended in January when Tesla drastically slashed prices by as much as 20%.
Now, the company is lowering prices again. Tesla reduced the price of its higher-end and aging Model S and Model X vehicles by $5,000 each, according to its website. The base Model S, a dual motor all-wheel-drive

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