Tesla Slashes Prices In North America To Stimulate Sales

Tesla is cutting the prices of its vehicles in North America to spur demand for electric cars now that the two-month-long lockdowns are starting to ease, Reuters reported on Wednesday, citing the starting prices for Tesla’s models on its website. The prices for Tesla’s vehicles are down by around 6 percent for North America, while the electric vehicle maker has also reduced the price of Model S and Model X in China by around 4 percent. The price of China-made Model 3 remains unchanged, according to Tesla China as quoted by Reuters.…