Renault CEO sees Tesla price cuts as a warning to auto industry.
TL;DR Summary
Renault CEO Fabrice Cambolive sees Tesla's recent price cuts as a "warning" to the auto sector, prompting Renault to examine its pricing strategies globally. Renault's sales rose by 9% in Q1 2021, but Tesla's pressure is pushing the automaker to stay competitive. The Megane electric, one of Renault's most popular models, now costs as much as the Tesla Model 3. Renault's global sales for Q1 reached 354,545 units, about 16% less than Tesla's 422,875 units.
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