Tesla and Li Auto Slash EV Prices Amid Intensifying Competition in China and Global Markets
===============	
#15298797 ver:0.23

Tesla, the electric vehicle (EV) giant, is implementing significant price cuts for its Model 3 sedan and Model Y SUV in major markets including the United States, China, and Europe. The move comes as Tesla faces a drop in demand for its vehicles, particularly in China, where increased competition from local EV manufacturers and a decrease in government subsidies have impacted sales. The price reductions are aimed at stimulating demand and reducing inventory. Tesla's stock has declined over 40% this year, and sales have slumped in a market facing increased competition. The company reported its first year-over-year sales drop since the early days of the pandemic, delivering 386,810 vehicles in Q1 2024. Tesla's market share in China declined to around 6.7% in Q4 2023, down from 10.5% in Q1 20...

#newstr #Tesla #LiAuto #ElectricVehicles #Competition #China #GlobalMarkets 

 https://here.news/story/15298797?ver=0.23