Tesla stock sinks on fresh Model 3 and Model 7 price cuts

Tesla stock sinks on fresh Model 3 and Model 7 price cuts

So much for that Tesla stock (TSLA) bounce.

Shares of the EV maker fell more than 4% in pre-market trading on Friday amid fresh U.S. price cuts for the Model 3 and Model Y. The stock had rallied about 9.5% in the past five sessions as traders speculated a bottom was forming after a 65% decline in 2022.

Tesla cut the Model 3 base version by $3,000 to $43,990, according to an update on its website. The Model 3 Performance variant saw a price cut of $9,000 to $53,990.

As for the Model Y Long…


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