Tesla owners in China protest price cuts as delivery times extend on higher demand

Tesla owners in China protest price cuts as delivery times extend on higher demand

Tesla (TSLA) shares are climbing higher today despite a mixed slew of news out of one of its most important markets, China.

Reports over the weekend detail a number of protests at Tesla showrooms, as recent Tesla buyers complained about the automaker’s decision to cut prices on Friday. The price cut was the second decrease in the past three months, as Tesla tries to boost demand in the competitive Chinese market. Reuters reports Tesla also cut prices in Australia, Japan, and South…


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