Tesla Adjusts Model Y Prices As Demand Concerns Persist

• Tesla raising Model Y prices in U.S. and Europe from April 1st while offering discounts in China due to high inventory • Price hikes indicate lack of strong demand despite previous aggressive discounts to boost sales • Tesla heading for Q1 delivery miss versus Wall Street estimates, renewing growth concerns • Analysts cutting 2024 earnings projections on weak demand and falling profit margins • Tesla stock rebounded Monday but still down 20% in March, hitting 20-month lows amid analyst downgrades