Tesla cuts U.S. prices again ahead of 1Q earnings release

Tesla dropped the starting prices for its two top-selling models overnight, the company's fourth price cut in the U.S. this year.Tesla dropped the starting prices for its two top-selling models overnight, the company's fourth price cut in the U.S. this year

Analysts are watching Tesla's financial results to see if the price drops cut into profit and margins per vehicle But some industry analysts say demand may be slowing for the company's vehicles as more competition enters the market. Others say Tesla is using its high profit margins to take market share from competitors.

They come just ahead of Tesla's first-quarter earnings release scheduled for after the closing bell on Wednesday. Neither of Tesla's slower-selling bigger models, the S and X, are eligible for tax credits, and prices remained the same Wednesday for both of them.

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