Tesla Stock Eyes Breakout After U.S. Luxury Model Price Cuts

Source: investors.com investors.com

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Tesla (TSLA) slashed U.S. vehicle pricing once again Sunday evening, the latest sign demand for Tesla vehicles may be waning after an initial boost came from January price cuts. TSLA shares edged lower Monday. X The move by the global EV giant to further drive down U.S. prices on its luxury models follows recent European price cuts of around 6% on inventory Model 3 and Model Y vehicles. On Tuesday, weekly China EV insurance registration data could be an important gauge for Tesla demand in the world's largest EV market, which is in the midst of a huge price war...