As demand slows against the backdrop of a slowing global economy, Tesla has lowered pricing for its electric vehicles in the United States and Europe, doubling down on a discount push it launched in Asia.
The Elon Musk-led company revealed that sales of its China-made cars hit a five-month low in December, underscoring the damage from rising interest rates and growing recession fears. The company failed its objective in 2022 to boost deliveries by 50% yearly.
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