Tesla Offers Incentives to Boost Sales Amid Falling Stock

Customers in China who purchase existing inventories of Tesla's Model 3 sedans and Model Y SUVs by the end of March will receive incentives worth up to $4,807, as the company looks to reduce its elevated inventories at Giga Shanghai. Meanwhile, Elon Musk is creating hype around the upcoming Cybertruck, which is set to be unveiled in 2024 and enter production in 2025. With Tesla's stock down and the rise of Dogecoin, there may be underlying issues to address.