) are dipping on Monday as the company has slashed prices in China once again. The company has also made price cuts in Germany and the US as it faces declining sales and growing competition.
Dyer predicts:"I do think there will probably be further price cuts. It's an ironic situation that goes against the normal microeconomic expectations. So in China, when companies cut prices, in this case, many consumers say, let's wait and see, we don't think it's at the bottom yet. So interestingly, it hasn't sparked the demand that we would normally expect when you cut prices.
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Source: News Formal (newsformal.com)
Tesla Industrials Unit Price Cuts Stephen Dyer Asia Automotive
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