Tesla

The automaker announced it will cut prices on all vehicles after a federal tax credit was reduced on Jan. 1.

The full credit is only available while a manufacturer maintains sales below 200,000.

Under a tax incentive structure approved by Congress in December 2017, the first 200,000 customers to buy Tesla vehicles are eligible for a $7,500 rebate.

The basic price in China of a Model 3 is now $72,000.

Musk previously donated more than $480,000 to Flint Community Schools toward the installation of water filtration systems in 12 schools.

The debut event showcased a roughly two-mile tunnel in Hawthorne, California.

Musk’s criticism appeared to focus on a portion of the interview that focused on his removal as Tesla’s chairman of the board.

GM disclosed last month that it would shutter several assembly plants in North America by 2019.

“Tesla believes it has achieved a state of self-funding without the need for external capital to run the business or to address near term debt maturities,” the private equity firm wrote.