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Tesla cut the prices of its Model Y in Germany, just a week after cutting prices in China, according to a report.
Reuters reported that Tesla
TSLA,
has cut one Model Y vehicle by 9% and another by 8.1%.
Tesla has been overtaken by Volkswagen
VOW3,
as the largest EV seller in Germany, the report said, citing government data.
Tesla shares have stumbled out of the gate this year, sliding 12%, though the stock is up 71% over the last 52 weeks.
CEO Elon Musk said he wants more control over Tesla or he’ll lead robotics and artificial intelligence efforts in his own company.
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