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January 3, 2019

Tesla cuts prices; deliveries miss estimates

By TOM KRISHER
AP Auto Writer

DETROIT — Shares of electric car and solar panel maker Tesla Inc. tumbled Wednesday after the company cut vehicle prices by $2,000 and announced fourth-quarter sales figures that fell short of Wall Street estimates.

The company said in a statement before the markets opened that it delivered over 245,000 electric cars and SUVs last year, nearly as many as all previous years combined.


 
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