Tesla Short
Updated
Early this month, Tesla announced 4 to 9 percent price cut for their Model S and Model X, which are their two most expensive electric vehicles.
According to Reuters, “Tesla slashed prices on its cars across all of its markets in January, offering discounts of up to 20% in what many analysts saw as the start of a price war by the electric vehicle market leader.”
As Tesla getting caught up by the traditional car makers in terms of technology, starting price war would be harmful for the company especially for the current market conditions.
According to Reuters, “Tesla slashed prices on its cars across all of its markets in January, offering discounts of up to 20% in what many analysts saw as the start of a price war by the electric vehicle market leader.”
As Tesla getting caught up by the traditional car makers in terms of technology, starting price war would be harmful for the company especially for the current market conditions.
Comment
Stop loss moved to 184.90Trade closed: stop reached
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