PALO ALTO, U.S. -- Tesla reported worse-than-expected third-quarter results on Wednesday, with profit falling more than 40% after the U.S. electric vehicle maker cut prices in several markets, including at home and in China, to try to boost demand.
Technology
Tesla quarterly profit drops more than 40% amid price reductions
Elon Musk calls the cuts necessary due to high interest rates
Price cuts are denting Tesla's earnings. © Reuters
Read Next
Latest on Technology
