Tesla global sales reveal price cuts are working, but not well enough

Tesla has slowed its first decline in global deliveries since 2020 with hefty discounts to clear a backlog of stock, but it is still in negative territory.Aggressive price cuts have begun to correct a sharp drop in global deliveries of Tesla electric cars – which earlier this year recorded their first decline since 2020 – the company’s latest data indicates.However, global deliveries of the US car giant’s vehicles are still down 6.6 per cent so far in 2024 – the fir