<ul><li>Tesla has cut prices for its models multiple times in recent years but won't rule out more cuts in the future.</li><li>Following price reductions in Australia, the Model Y was lowered to $55,900 before on-roads, showing flexibility in pricing strategies.</li><li>Despite facing increased competition from brands like BYD and Xpeng, Tesla's local sales in Australia have seen a significant decline.</li><li>Tesla's country director in Australia mentioned that while significant price changes may not occur, refinements and adjustments are possible based on efficiencies and market demands.</li></ul>

EV price wars could continue as Tesla won’t rule out more cuts

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