Monday was a tough day for the U.S. stock market, but Tesla shares were hit especially hard. The stock fell by 7.6 percent after Tesla cut the Model 3’s price in China and CEO Elon Musk promised to reimburse U.S. customers if they miss a tax credit deadline due to Model 3 shipment delays. Reuters […
Source: techcrunch.com
Monday, Tesla cut the prices of its car Model 3 by 7.6% at 499,000 RMB ($72,000). This was proceeded by a 7.6% drop in Tesla’s share price post announcement. This price cut marks the third time in the last two months that Tesla has adjusted its prices in China.
