Tesla is ‘weaponising’ its profits as electric car battle heats up – report

Tesla has responded to increased competition in the electric-car segment by cutting into its large profit margins, sending ripples across the auto industry – and delivering customers big savings.


US electric-car specialist Tesla has been accused using the huge profit margins on its vehicles to start a price war among its rivals – in the process delivering big savings for buyers.

Tesla has cut the price of its electric cars across the globe by up to 20 per cent.

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