Tesla Stock Price Falls After New Round of Price Cuts Before Earnings

The Tesla Model Y.
Tim Levin/Insider

  • Tesla shares fell Wednesday after the company cut prices for the sixth time this year. 
  • Among the cuts, the Model Y All-Wheel Drive was reduced by $3,000 to $46,990. 
  • Tesla is slated to release Q1 earnings late Wednesday, with revenue expected to rise from a year ago but slip from Q4. 

Tesla shares fell Wednesday as the company cut prices on some of its electric vehicles, making the sixth round of reductions this year just…

Continue reading this news update.

Comments are closed