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Tesla Reacts to EV Market Dynamics: Slashes model Y prices in Europe following China adjustments – WION

Tesla Reacts to EV Market Dynamics: Slashes model Y prices in Europe following China adjustments – WION

In response to uncertainties surrounding electric-vehicle (EV) demand, Tesla has implemented significant price reductions for its Model Y cars across Europe, including Germany.This is based on a Reuters report.This move comes on the heels of Tesla’s recent price cuts in China. The reductions aim to enhance Tesla’s competitiveness in the European market amid shifting dynamics.The adjustments, coupled with revised price targets from UBS and Wells Fargo, led to a nearly 3 per cent decline in Tesla’s shares, contributing to a… 

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