Tesla has declared a price war on electric-vehicle and traditional automakers alike. There are signs Elon Musk's company is making early gains.

• Elon Musk's Tesla has declared an electric-vehicle price war in the US.
• The automaker has slashed Model 3, Model Y, Model X, and Model S prices in 2023.
• There are signs that Tesla is making early gains in the battle.

Elon Musk's Tesla has declared an electric-vehicle price war in the US. Since the start of 2023, the automaker has dramatically cut the cost of buying a Model 3, Model S, Model X, or Model Y — heaping pressure on other EV makers as well as traditional automakers like Ford and GM.

While it's too soon to call a winner in the price war, there are signs Tesla is making early gains.