Automundo China

Price war heats up as EV leader slashes prices by $2,000, will competitors match it?

The electric vehicle maker has announced price cuts and a Cybertruck recall ahead of Tuesday’s pivotal earnings report.

New four-wheel-drive double-cab truck from China is poised to rival the forthcoming Ford Ranger PHEV

Late Friday, Tesla surprised the market by announcing a $2,000 price reduction on its some of its U.S. electric vehicles.

Electric vehicle giant has struggled in the face of weakening demand, competition from China and technical setbacks

Tesla faces challenges in the US stemming from its ageing vehicle lineup and shifting consumer preferences, exacerbated by high interest rates.

Billionaire Elon Musk's company has cut the prices of Models Y, X and S after Tesla's global car deliveries in the January-March period declined for the first time in over four years

Earlier this month, it was reported that the truck will be launched this year with dimensions exceeding the Toyota Hilux and focussed on the global market.

Tesla has announced aggressive price cuts in China and Germany, shortly after reducing prices in the United States, as the world’s largest maker of electric vehicles (EV) faces declining sales and growing competition in major markets.