Elon Musk may have a bigger problem than Twitter as Tesla slashes prices to offload inventory and investors get nervous

Dec 22 2022 by Business Insider

 
Tesla is offering a $7,500 credit on all Model 3 and Model Y vehicles delivered before the end of the year.

Tesla

Tesla price cuts are "not a good sign," Wedbush analyst Dan Ives said. The automaker is advertising a $7,500 credit on Model 3 and Model Y vehicles. Price cuts come as Tesla's stock is in freefall and inventory piles up.

Tesla's doubling of discounts this month on its most popular vehicles is the latest sign of trouble for the electric-vehicle maker.

While the rest of the automotive...

Continue Reading Elon Musk may have a bigger problem than Twitter as Tesla slashes prices to offload inventory and investors get nervous