With Tesla’s recent, recurrent price cuts, the spotlight in the EV industry has shifted dramatically, sparking renewed intrigue. In a market accustomed to high price tags for electric vehicles, Tesla’s move to lower its prices, especially for the Model 3, to as low as $37,940 has flung open doors to potential buyers who were previously hesitant. Once the U.S clean vehicle tax incentives are factored in, this figure is further reduced to a strikingly affordable $30,000. Tesla’s price drop serves as a strategic chess move in a field where the competition is intensifying, compelling rivals to rethink their approach. Notably, … Continue reading Tesla’s Dramatic Gambit: Price Cuts, Profits, and the Pursuit of the Affordable EV