Factbox-Tesla cuts prices globally in a bid to spur demand

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Reuters UK

(Reuters) – Tesla Inc has slashed prices of its electric vehicles in the United States and Europe, doubling down on a discount drive it started in Asia as demand slows against the backdrop of a weakening economy. The Elon Musk-led company missed its target in 2022 to grow deliveries by 50% annually and reported that sales of its China-made cars hit a five-month low in December, underlining the hit from rising interest rates and growing recession fears. Following are details of the price cuts: CHINA Tesla slashed prices for all versions of its Model 3 and Model Y cars in China by between 6.0% a…

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