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Tesla shares fall as it cuts US car prices

By John-Paul Ford Rojas, business reporter
Shares in electric car maker Tesla have fallen after it revealed that it was cutting prices for vehicles in the US while its quarterly production figures missed expectations.
The company, led by Elon Musk, reported that it was churning out nearly 1,000 cars a day, setting new records - but the figure fell short of Wall Street targets.
Tesla also said it was to cut the price of Model S, Model X and Model 3 vehicles in the US by $2,000 to offset a reduction in the tax breaks available to buyers of electric vehicles.
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