Black Section Separator

Tesla has made significant cuts to the prices of its electric vehicle models in the U.S.

Black Section Separator

The cuts, including the bestselling Model Y and Model 3, could enable buyers to qualify for a $7,500 federal tax credit.

Black Section Separator

The price changes come as Tesla experiences a declining market share and is facing a "significant demand problem."

Black Section Separator

The company's stock dropped 65% in 2022, marking its worst-ever annual drop.

Black Section Separator

The price cuts, along with those in other countries, add to concerns about a demand slowdown for Tesla.

Black Section Separator

Some investors suggest the cuts could be welcome amid growing competition and to reduce production costs.

Black Section Separator

Tesla will report full year financial results for 2022 on January 25.