Free Republic

Tesla's price CUTS in Australia follow the company's decision on April 3 to announced 0% financing for new orders of the Model 3 and Model Y in China. The incentive runs through the end of April and is Tesla's first interest-free promotion for China, the world's biggest EV market.Meanwhile, Tesla INCREASED its U.S. prices for all Model Y trims on April 1. Tesla RAISED prices on Europe Model Y vehicles on March 22. In China, Tesla also HIKED prices on its entire Model Y line by around $690 on April 1, even as some incentives expired.

Tesla has shockingly canceled the much-anticipated $27,000 car it was relying on to break into the mass market. The 'half price' EV was due to go into production starting next year and viewed by investors as a vital saving grace that could rescue the struggling automaker. Tesla will instead continue developing self-driving robotaxis, according to Reuters, which broke the news on Friday. In the minutes after the news broke, Tesla's share price fell more than 5 percent to just over $160. The company's stock is one of the worst performing in the S&P 500 this year. This week its share...