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Tesla Reduces Prices Worldwide In Attempt To Regain Market Share

  • Axios, Monday, January 16, 2023 4:50 PM
Tesla dropped prices worldwide last week for its Model 3 and Model Y vehicles in an effort to spark new demand for its cars. While still popular, the company's market share has declined from 79% of new EVs in 2020 to 65% as of September last year, according to S&P Global Mobility. "The most serious threats are coming from EVs priced below $50,000, where Tesla does not yet truly compete," according to Axios. 

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