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Jerry Seinfeld's upcoming Netflix comedy will be featured during this weekend's IndyCar race at Long Beach as rookie Linus Lundqvist will drive a car painted
(Bloomberg) -- A prominent Tesla Inc. investor on Wall Street warns his bullish case would be in jeopardy should Elon Musk abandon the long-held bid to bring a low-cost vehicle to the masses.Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingSingapore Loses ‘World’s Best Airport’ Crown to QatarRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsAs the electric-vehicle ma
"We view Tesla's shift as thesis-changing, and worry the stock will need to undergo a potentially painful transition in ownership base."
The Elon Musk-led company has been struggling with slowing sales volume, and efforts to boost sales have squeezed margins.
David Baron said he would be "very surprised" if the planned cheaper model is taken off the table.