Tesla slashed prices of three of its five models in the US late on Friday, then went on to cut prices around the globe – including in China and Germany – as the company faces falling sales, a Cybertruck recall and an intensifying war for electric vehicles (EVs).
On Friday, the company, led by the billionaire Elon Musk, cut the prices of the Model Y, a small SUV that is Tesla’s most popular model and the top-selling electric vehicle in the US, and also of the Models X and S, its older and more expensive models. Prices for the Model 3 sedan and the Cybertruck stayed the same.
