After an initial boost in January, further price cuts have not driven web traffic or conversion, showing Tesla is not getting the demand boost it wants
Starting on January 13, Tesla has cut prices six times this year, with mixed results. The first price cut came at the same time as tax incentives kicked back in, and led to a boost in web traffic and converted visits. Subsequent price cuts have had much less of an impact. The company reported Q1 earnings after market close on April 19, and missed on both revenues and profits.