Tesla cuts prices of all models for the second time this year

Despite a second round of discounts to the Model S and X in early March, Tesla delivered just 10,695 of those vehicles in the quarter, the lowest since the third quarter of 2021. Following the latest changes, Tesla has now dropped the price of each of those vehicles by at least $US20,000 and as much as $US34,000 since the start of the year.

The US automaker also marked down vehicles in China earlier this year, triggering a price war in the world’s largest new-energy vehicle…

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