Tesla’s price cuts could drive 53% volume growth this 2023: Bank of America

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Tesla's recent price cuts are likely to have a big impact on the car manufacturer's future success.

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According to Bank of America, these cuts could lead to a 53% increase in Tesla vehicle volume by 2023.

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With prices that are up to 20% lower than they were at the start of 2021,

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this cost reduction strategy is expected to attract new customers who previously had difficulty affording Tesla's products.

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Furthermore, as demand rises, economies of scale will help drive even lower production costs and additional savings.

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It appears that Elon Musk has made a smart move here, one that will put Tesla in an even better position for years to come.

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