Tesla Price Cuts Aren’t a Sign of Weakness. They’re a Show of Strength.

There should no longer be any doubt about


‘s position in the global auto industry. Look at what happened after the electric vehicle leader cut prices. It sent just about every auto stock tumbling, except its own.


(ticker: TSLA) cut price for its cars in the U.S. and Canada this past week, dropping them by as much as 20%. The cuts allow most Tesla models to qualify for the new $7,500 purchase tax credit passed as part of the inflation reduction act in the U.S.

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