Tesla shares drop after company announces China price cuts

Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China May 31, 2023. Tingshu Wang | Reuters Tesla has once again cut prices in mainland China, a competitive move that sent shares sliding 3% in Monday morning trading. The automaker announced the moves in a Weibo post late Sunday evening. Two Chinese versions of Tesla's Model Y crossover, priced at 299,000 and 349,000…

https://worldnewslivetv.com/technology/tesla-shares-drop-after-company-announces-china-price-cuts/