Does A Price Cut For Tesla Vehicles Mean The Same For TSLA Stock?

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ValueWalk

Tesla has cut prices quite significantly on many of their most popular models.The goal is likely to liquidate older models and boost revenue.The move comes when the EV market has more competition and other complications.A price cut should help many new Tesla buyers receive a tax credit.Overall, TSLA is doing alright, but the HOLD rating signal that they aren’t out of the woods yet.5 stocks we like better than TeslaTesla Inc. (NASDAQ:TSLA) is cutting prices in its European and North American markets. The most recent figures suggest the carmaker could slash retail prices by as much as 20% in the…

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