Tesla has cut prices for its electric cars…again!

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Tesla has cut prices for its electric cars…again!

Tesla has cut prices for its electric cars, again.

This as the company tries to boost sales and compete with rival firms.

The reductions, worth several thousand pounds, depending on the market and model – have been listed for sale on the company’s website in the UK, US and elsewhere in recent days.

They follow big markdowns of up to 20% that the firm introduced in January.

Tesla is facing challenges as higher borrowing costs weigh on buyers and rivals offer more electric options.

Last year, the firm missed its 2022 target of increasing its deliveries by 50% annually, a shortfall the firm blamed on supply strain constraints and a weakening economy.

But Elon Musk has said previously that price cuts were working to lift demand.

 

 

 

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