Tesla’s move sent ripples across the used electric car market, sending some values significantly downward on some.

“Price cuts on new Teslas immediately impacted used Teslas, driving their prices down ... sales both in the US and abroad. S&P Global Mobility reported registrations for Tesla vehicles in ...

Tesla’s price cuts are also putting lots of pressure on traditional car companies. Ford, for example, has already slashed prices on the Mustang Mach-E in response, but keeping up with Tesla on ...

“In both the new and used car markets, Tesla prices have been dropping for over two years,” said Karl Brauer, iSeeCars Executive Analyst. “Price cuts on new Teslas immediately impacted used Teslas, ...

while losses for Tesla and Nvidia helped drag the Nasdaq Composite down 2.6pc. US government bonds and the value of the US dollar also sank as prices retreated across American markets.