Tesla's decision to lower the price of its electric vehicles could influence the strategies of traditional automakers in several ways. Firstly, it could push them to also lower their prices in order to stay competitive. Secondly, it could encourage them to invest more in technology and innovation to reduce costs and increase product availability, following Tesla's example. Lastly, it could lead them to reconsider their sales strategies, as Tesla has shown that price sensitivity is a key factor in EV adoption.
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