There’s a facet to price cuts that I’m not reading anywhere.
Tesla are announcing to the market “you are now passing parity point”. For anybody watching and considering a brand new car, it simplifies their decision a great deal. They would need rocks in their head to buy a freshly made ICE that will have no resale value. The idea of an orderly transition from ICE to EV is bollocks, imo. Legacy’s demise is going to be sudden.
Corolla sales are plummeting. If we’re seeing the beginnings of the great ICE production crash of the 20s, Tesla’s price cuts deserve some credit.