Tesla Slashes Prices in China Amid Fierce Competition, Despite Record Sales
• Tesla cut prices on Model 3 and Model Y vehicles in China by 2-6% • Price cuts come as China EV market grows increasingly competitive • Tesla China sales hit record high in 2022, but rivals launching new models • Tesla stock fell 1% after hours on Thursday, now down 4.3% for the week • Tesla stock has 278.98 buy point, but pattern looking increasingly awkward