Tesla Offers Discounts and Incentives Amid Slowing Demand
- Tesla stock drops over 5% amid new price cuts and discounts in China and U.S.
- In China, offering up to $5,000 incentives on Model 3 and Y vehicles through March
- In U.S., giving 5,000 free Supercharger miles on select trade-ins through March
- Car discounts returning in recent months as sales better than expected
- Tesla waging price war to stimulate sagging EV demand in U.S. and compete with rivals in China