Tesla’s 50% cut price in China creates ‘havoc’ out there
It began in October. Elon Musk’s electric-vehicle maker — a significant participant in hyper-competitive China — reduce costs on fashions produced at its monumental manufacturing facility at the outskirts of Shanghai. Issues escalated in January, with some other cut price that left Tesla’s locally-made vehicles as much as 14% less expensive than ultimate 12 months, … Read more