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One, three.

The From Wondry. I'm David Brown, and this is Business Wars Daily on this Tuesday, March 12th.

It's been another challenging month for Elon Musk and a head-snapping one for employees, customers, and shareholders. Tesla finally released its $35,000 baseline Model 3,

the mid-market vehicle at first tease three years ago. The company also drastically cut the prices

of its high-performance models, the S&X.

Prices fell by up to $18,000 in the U.S.

The Wall Street Journal says that's the company's third price reduction this year.

Musk has gone on the record as saying that Tesla cars are too expensive for most people.

Cutting prices was an effort to broaden Tesla's market.

But it's not easy for a luxury automaker to afford to sell a $35,000 car, let alone make cuts to the rest of its prices. Earlier this

month, the company abruptly announced it would close most of its retail showrooms. Those closures

...