Tesla cuts prices in Germany after reductions in China, report says

Tesla cut the prices of its Model Y in Germany, just a week after cutting prices in China, according to a report. Reuters reported that Tesla TSLA, +0.47% has cut one Model Y vehicle by 9% and another by 8.1%. Tesla has been overtaken by Volkswagen VOW3, -1.94% as the largest EV seller in Germany, the report said, citing government data. Tesla shares have stumbled out of the gate this year, sliding 12%, though the stock is up 71% over the last 52 weeks. CEO Elon Musk said he wants more control over Tesla ...