Tesla Cuts Prices on Model Y, 3 Ahead of Earnings

The video discusses Tesla's strategy of frequent price cuts under CEO Elon Musk to boost sales amidst strong competition. Despite Tesla's significant profit margins, the company faces challenges from major carmakers. Analysts are divided on whether these price cuts indicate trouble or a strategic move by Musk. The frequent reductions may affect consumer purchasing decisions, as buyers might wait for better deals.

In what ways might Elon Musk's strategy be perceived as either genius or troubling?

What factors should consumers consider before purchasing a Tesla given the current pricing strategy?