Elon Musk’s Latest Tesla Price Cut To ‘release Inventory’ Is Good News For Car Buyers, But Bad News For Investors

Tesla’s best-selling electric car now competes directly with gasoline-powered cars on price. Latest price reduction round. The price cuts could cost the company $1.2 billion a year, according to at least one investor. The base model Model 3 sedan costs $38,990, but it costs $8,700 less… Source: fortune.com

Elon Musk’s Latest Tesla Price Cut To ‘release Inventory’ Is Good News For Car Buyers, But Bad News For Investors

Tesla CEO Elon Musk. Joel Saget—AFP/Getty Images Tesla’s best-selling electric car now competes directly with gasoline-powered cars on price. Latest price reduction round. The company says the price cuts could cost the company $1.2 billion a year… Source: fortune.com