The national average price for a gallon of regular gasoline was $3.28, down a penny from last week, according to AAA data. Analysts say the recent surge in gas prices may be ending as the weather improves and demand decreases. They expect prices at the pump to decline heading toward February but believe the national averages before Christmas will likely turn out to have been the lows for this winter.
Tesla cuts vehicle prices in bid to boost flagging demand
With its sales slowing and its stock price tumbling, Tesla Inc. slashed prices dramatically on several versions of its electric vehicles, making some of its models eligible for a new federal tax credit that could help spur buyer interest.
The company dropped prices nearly 20% in the U.S. on some versions of the Model Y SUV, its top seller. That cut will make more versions of the Model Y eligible for a $7,500 electric-vehicle tax credit that will be available through March. Far from pleasing investors, the sharp price cuts sent Tesla shares down nearly 2% in late-afternoon trading.
Romania tows luxury cars, other assets of Andrew Tate
Romanian authorities have descended on a compound near Bucharest to tow away a fleet of luxury cars and other assets worth an estimated total of $3.9 million in the case investigating Andrew Tate.
The divisive social media personality is detained in Romania on charges of human trafficking. Romania’s National Agency for the Administration of Unavailable Assets said in a statement Saturday that it removed a total of 15 luxury cars, 14 designer watches and cash in several currencies.