A Tesla dealership in Schaumburg, Illinois. The company’s shares slumped by about 10 per cent after first-quarter results showed its price cuts were hurting margins. AFP
A Tesla dealership in Schaumburg, Illinois. The company’s shares slumped by about 10 per cent after first-quarter results showed its price cuts were hurting margins. AFP

Business

Tesla raises US prices for its vehicles by as much as $1,000

Electric car maker cut them to boost market share before increasing them to defend shrinking margins

Bloomberg

May 12, 2023