NEWS Tesla cuts prices in China by up to 9% as softer demand, price war loom

[Google News Bot]

SHANGHAI -- Tesla has slashed starter prices for its Model 3 and Model Y cars by as much as 9% in China, reversing a trend of increases across the industry amid signs of softening demand in the world's largest auto market as analysts warn of a price war. Read More ...

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[Bousine123]

I think the reason why price of these Tesla car were up was because the price of car parts were expensive to buy, with reduction in the price of these car parts, Tesla decided to reduce the price of its goods.