Tesla faces potential price cuts after electric vehicle tax credit removal

Tesla, Inc. is a company that primarily focuses on designing, manufacturing, and marketing electric vehicles. These motor vehicle sales make up 81.1% of the company's revenue.

In addition to vehicle sales, Tesla also generates income from various other sources such as services, energy production and storage systems, vehicle leasing, and loans.

By the end of 2023, Tesla plans to have seven production facilities worldwide, with five in the USA, one in China, and one in Germany. The majority of Tesla's sales are in the USA, accounting for 46.7% of total sales, followed by China at 22.5%, with other regions contributing 30.8%. As the market evolves, Tesla's pricing strategy will play a crucial role in maintaining its market share and navigating the competitive landscape.

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