According to recent data collated by Reuters, Tesla's unrivaled profit margins after the price cut have been visualized below.
Tesla made the unexpected revelation that it would be slashing prices on its vehicles by as much as 20% in January of this year.
Although price reductions are nothing new in the auto industry, they are new to Tesla. The business, which has always struggled to meet demand, has experienced a decline in its order backlog from 476,000 units in July 2022 to 74,000 ...
