Tesla Slashes Vehicle Prices: Here's What Investors Should Know
In a surprise move, electric-car maker Tesla (NASDAQ: TSLA) cut the prices of some of vehicles by as much as 6% this week. While investors can't know for sure exactly what spurred the decision for the price decrease, it almost certainly reflected an effort to increase demand for its vehicles. What's unclear, however, is if this demand lever was pulled because of a decrease in vehicle orders or because of improving production rates. Further, it's possible that price cuts also reflected improved manufacturing costs.
Here's a closer look at which Tesla vehicles saw price cuts and what it might mean for the electric-car maker's business.
Model 3. Image source: Tesla.
Source Fool.com
