Elon Musk: Tesla may cut prices again in 'turbulent times' – BBC

Reuters

Tesla chief executive Elon Musk says the electric carmaker could continue to cut prices as the world economy is in “turbulent times”.

The multi-billionaire’s comments came after the company reported that its profit margins had been squeezed as it faced tough competition.

In recent months, Tesla has cut its prices several times in major markets, including the US and China.

The firm’s shares fell by more than 4% in after-hours trade in New…

Continue reading this news update.

Comments are closed