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Published 13 days ago

Tesla shares tumble below $150 per share, giving up all gains made over the past year

  • Tesla's stock fell below $150 per share, erasing all gains from the past year, due to declining sales and discounts to attract buyers.
  • The company's price cuts on models up to $20,000 impacted used electric vehicle values and profit margins.
  • This marks Tesla's lowest stock price since January 2023, following a year of price reductions to combat competition and decreased demand.
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