Why Does Tesla Keep Lowering Prices?
Falling prices have been great for consumers, but Tesla's (NASDAQ: TSLA) bottom line hasn't been helped by price cuts. Recent news indicates the price cuts will continue and that doesn't bode well for the company's recovery. Travis Hoium covers the competitive dynamic and trends to watch in this video.
*Stock prices used were end-of-day prices of May 29, 2024. The video was published on May 29, 2024.
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Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
