Did Tesla grow too fast? Elon Musk may be admitting it without saying so. The Tesla CEO is cutting prices for Tesla in key European markets by thousands of dollars per car in the latest sign that the automaker got out over its skis. In Germany, Europe’s largest car market, the most glaring move was slashing the starting price for an entry Model 3 Performance to just €54,990, a reduction of €6,000 (by comparison, the standard rear-wheel version only saw a €2,000 cut to €41,990). Other cuts were found in France, Norway, and the Netherlands, as well as in smaller markets like Israel and Singapore.
For its part, Tesla released a rare official statement on Friday explaining the decision, which followed a similar move just one month earlier.
