Tesla revives China price cuts as deliveries slump; EV demand shifts amid Iran war

Tesla China has reintroduced discounts on Shanghai-made vehicles for the first time since late 2024, responding to declining deliveries in the world's largest EV market. The move signals intensifying price competition and demand weakness in China's EV sector, while broader shifts toward electric vehicles are noted amid the Iran conflict. The impact on Tesla's margins and market share remains uncertain.