With little innovation and lacking new models, Tesla has decided to cut prices again, this time the price of the model 3 is cut by 10%.

This may be to regain some of the lost marketshare. But it may also be because they simply have too much stock.
Cutting production is expensive, and obviously producing just to stockpile unsold products is expensive too.

I have no doubt that this price cut is an act of desperation, not a result of being competitive. Tesla is losing money no matter if they cut production or they cut the prices or they stock up on unsold product.

Whichever is the case, I had a good laugh that the Swasticars are so hard to sell Tesla has to cut prices yet again, and that’s despite inflation.

Allegedly the profitability on a Tesla car was recently estimated at just 2%, so cutting the price by 10% is going to hurt for them.

Here’s a link to a story about it by a major news outlet in Denmark:
https://www.bt.dk/udland/tesla-med-bombe-dumper-prisen-igen