Tesla cuts prices in Germany after reductions in China, report says
By Steve Goldstein
Tesla cut the prices of its Model Y in Germany, just a week after cutting prices in China, according to a report.
Reuters reported that Tesla (TSLA) has cut one Model Y vehicle by 9% and another by 8.1%.
Tesla has been overtaken by Volkswagen (XE:VOW3) as the largest EV seller in Germany, the report said, citing government data.
Tesla shares have stumbled out of the gate this year, sliding 12%, though the stock is up 71% over the last 52 weeks.
CEO Elon Musk said he wants more control over Tesla or he'll lead robotics and artificial intelligence efforts in his own company.
-Steve Goldstein
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
01-17-24 0522ET
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks
United States