Tesla Slashes Prices Globally Amid Falling Sales and Intensifying Competition

Tesla has reduced prices across multiple models and markets, including a significant cut to its Full Self-Driving software, as it faces declining sales and increased competition.

Tesla has cut prices on its Model Y, Model X, and Model S vehicles by $2,000 in the U.S., with similar reductions in China and other markets.
The company also reduced the price of its Full Self-Driving software from $12,000 to $8,000.
Global vehicle deliveries fell for the first time in nearly four years, prompting these aggressive pricing strategies.
Tesla's stock has plummeted by about 40% this year, reflecting investor concerns over its sales performance.
The price cuts come as Tesla prepares to announce its quarterly earnings, with analysts closely watching its financial health.