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This 2024 Rule Change Could Crush Tesla Stock

TheMotleyFool 
0 0 10.12.23
This 2024 Rule Change Could Crush Tesla StockPhoto, wide shot, wide-angle lens, soft focus, Auto parts supplier, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-XjwbnkgTrFCFx6Y3gLbqZBCj.png?st=2023-05-13T09%3A21%3A52Z&se=2023-05-13T11%3A21%3A52Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-13T06%3A55%3A39Z&ske=2023-05-14T06%3A55%3A39Z&sks=b&skv=2021-08-06&sig=wJlbn/o%2BieTjclaQNRsJc%2BDDZieC0UCS6BPi5tapxAA%3D
 

's (NASDAQ: TSLA) pricing power may be becoming a thing of the past.

The electric vehicle (EV) leader has slashed prices on its vehicles several times this year in a bid to remain the top dog in the space and to drive sales. In its third quarter, Tesla's average selling price across its vehicles fell by roughly $9,000 to just over $45,000.

CEO Elon Musk spent much of the third-quarter earnings call arguing about how important it is for Tesla to be competitive on price. Musk explained that most car buyers use some form of financing so the company has lowered prices on its vehicles to counter higher interest rates and keep monthly payments from going up.

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Source Fool.com

Tesla Inc Stock

€311.75
5.460%
A very strong showing by Tesla Inc today, with an increase of €16.15 (5.460%) compared to yesterday's price.
Our community is currently high on Tesla Inc with 106 Buy predictions and 39 Sell predictions.
With a target price of 409 € there is a positive potential of 31.19% for Tesla Inc compared to the current price of 311.75 €.
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