Tesla Cuts Prices Again Ahead of Earnings

Several rounds of reductions potentially weigh on quarter for EV maker

Photo illustration: Josephine Chu

Wall Street has one key question ahead of Tesla Inc.’s first-quarter earnings: How much have recent price cuts hurt the company’s bottom line? 

Elon Musk’s electric-vehicle maker has lowered prices for models in the U.S. by between 14% and 25% this year as it contends with weaker demand, higher interest rates and burgeoning competition. The latest round of reductions came overnight.

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