Shares in Tesla came under pressure on Monday after the electric carmaker announced a round of price cuts ahead of a difficult set of results for the company’s chief executive, Elon Musk.
Tesla stock fell as much as 5% in early trading before recovering slightly to a deficit of 3.4% in the wake of the price reductions around the globe, including slashing the cost of three of its leading electric vehicles (EVs) and its self-driving software.
