Tesla turns up heat on rivals with global price cuts- Summary- Companies- Tesla cuts prices globally by up to 20%- Shares fall in U.S. trade, drag rivals lower- Move follows price cuts across Asia last week- Some models now qualify for U.S. credits, French subsidy- Recent Tesla buyers complain of missing outJan 13 (Reuters) - Tesla Inc (TSLA.O) has slashed prices globally on its electric vehicles by as much as 20%, extending an aggressive discounting effort and challenging rivals after missing Wall Street delivery estimates for 2022.Tesla lowered prices across the United States, Europe, the Middle East and Africa, following a series of cuts last week in Asia, in what analysts saw as a clear shot at both smaller rivals that have been bleeding cash and legacy automakers aggressively ramping up electric vehicle production.Deutsche Bank estimated that a Model Y, after tax credits, could be $18,000 less than Ford's rival Mustang Mach E. Tesla's vehicle gross profit margins, which are among the highest in the industry, would drop 3 percentage points in 2023 versus 2022, it estimated, but Tesla's "bold offensive move" secured growth and put competitors in great difficulty, the broker said.U.S. automakers General Motors Co (GM.N) and Ford Motor Co (F.N) fell 4.5% and 6%, respectively, making them among the biggest losers on the broad-market S&P 500 Index, while in Europe, Stellantis NV (STLA.MI) fell 3.7% and Volkswagen AG (VOWG_p.DE) dropped 3.6%.Tesla cut prices in China and other Asian markets last week, which analysts had said would boost demand and increase pressure on rivals, including BYD (002594.SZ), to follow suit in what could become a price war in the largest single EV market."