Hacker News Reader

> Tesla cuts US prices for fifth time since January

https://www.cnn.com/2023/04/07/business/tesla-cuts-prices/in...

It seems like there is some effect or they probably wound't be cutting prices.

That would only be true if production had stagnated, which isn't the case. If they produce twice as many cars as they did last year, cutting prices does not mean that they are selling less due to the twitter takeover.

They are cutting prices because they are cutting manufacturing costs. They are able to obtain the same margin after lowering the prices. The price cuts result in more sales.

Reply on news.ycombinator.com