Tesla’s Price Cuts Reveal Struggles Behind the Electric Vehicle Hype

Tesla’s recent announcement of lower-priced versions of its flagship Model Y and Model 3 electric vehicles is a clear sign that even the industry leader is not immune to market pressures. These stripped-down models, priced just under $40,000 and $35,000 respectively, aim to reverse a troubling sales slump that has plagued the company for much of the past year.What Does Tesla’s Sales Slump Mean for American Innovation?The timing could not be more critical. As federal tax credits worth up to $7,500 have expired, demand for electric vehicles is cooling nationwide. Tesla, once hailed as a symbol of America’s cutting-edge innovation...