Elon Musk has a bigger problem than Twitter

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Audi spokesperson Whaewon Choi-Wiles told The Associated Press on Thursday that the company "will continue to evaluate the situation."

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– Tesla price cuts are "not a good sign," Wedbush analyst Dan Ives said.

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– The automaker is advertising a $7,500 credit on Model 3 and Model Y vehicles.

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– Price cuts come as Tesla's stock is in freefall and inventory piles up.

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Tesla's doubling of discounts this month on its most popular vehicles is the latest sign of trouble for the electric-vehicle maker

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While the rest of the automotive industry holds back on discounts for the third holiday season in a row, Tesla is lathering on the deals.

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Industry analysts say that's a sign Tesla is battling an inventory backup as demand for its all-electric vehicles cools

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"The price cuts are not a good sign for the holiday season," Dan Ives, an analyst for Wedbush Securities, wrote in an email.

Audi spokesperson Whaewon Choi-Wiles told The Associated Press on Thursday that the company "will continue to evaluate the situation."