Tesla's Stock Slips After Company Cuts Car Prices The shares were down around 1% in early New York trading Monday.
Tesla dropped the base price of its Model S from $94,990 to $89,990, which is about a 5% cut also lowered the base price of its Model X from $109,990 to $99,990, which is roughly a 9% drop.
Individual investors have been buying Tesla shares at a record pace, scooping up a net $13.6 billion.
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