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International Business Times

Business

Kiran Tom Sajan

Amid Job Cuts, Declining Sales And Postponed Trips, Tesla Slashes Prices Globally

Tesla Inc. Elon Musk United States

Elon Musk postponed a trip to India over the weekend where he was expected to announce the automaker’s entry in the South Asian market (Credit: AFP)

Tesla reduced prices across its vehicle lineup worldwide in response to dwindling sales.

The price cuts follow Tesla's recent announcement that its global vehicle deliveries in the first quarter experienced a decline for the first time in nearly four years.

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