Tesla has slashed prices globally on its electric vehicles by as much as 20 percent, extending an aggressive discounting strategy and challenging rivals after missing Wall Street delivery estimates for 2022.
The move was announced after CEO Elon Musk warned that the prospect of a recession and higher interest rates meant the company could lower prices to sustain volume growth at the expense of profit.
Tesla shares were down 3.6 percent on Friday.
Musk acknowledged last year that…
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