Tesla Slashes EV Prices In Bid to Boost Sales
Tesla has announced plans to cut EV prices in the U.S. and Europe after year-end deliveries slumped.
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The company dropped prices nearly 20% in the United States on some versions of the Model Y SUV, its top seller.
While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn't. Musk claimed in a 2018 tweet that he had lined up the financing to pay for a $72 billion buyout of Tesla. But the buyout never materialized and now Musk faces a class-action lawsuit on behalf of investors who owned Tesla stock for a 10-day period in August 2018.
