Tesla Slashes Prices for Fifth Time This Year Amid Slowing Sales Growth

Tesla has cut prices across its entire electric vehicle lineup for the fifth time in 2022.
The move follows the company's failure to meet first quarter sales targets and aims to boost demand.
Prices were reduced by up to $5,000 per vehicle, with the largest cuts affecting the Model S sedan and Model X SUV.
Analysts worry profit margins could suffer if Tesla is unable to offset price cuts by reducing costs.
Tesla hopes price drops will spur sales in an increasingly competitive EV market where demand has slowed after years of steady growth.