Tesla knocks $2,000 off prices for 3 EVs after shares crash 39% YTD
The move came the day after Tesla's stock tumbled below $150 per share, eliminating all gains made over the past year.
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The move came the day after Tesla's stock tumbled below $150 per share, eliminating all gains made over the past year.
Tesla's stock faces challenges as sales disappoint and growth falters. Concerns over future earnings potential impact its value. The company's stock struggles, with uncertainty around its next growth phase and competition in the EV market. Tesla sold about 387,000 cars in the first quarter, while analysts on average thought that number would be around 449,000. Obviously, profit estimates for the quarter will now have to be cut, after already dropping by more than half in a year.
"All U.S. cars that are capable of FSD will be enabled for a one-month trial this week," Musk said in a post on social media platform X.
Piyush Goyal, Commerce Minister stressed on formulating laws and tariffs to attract global EV manufacturers and rejected special treatment to any specific company including, Tesla
Tesla CEO Elon Musk announced that the company will hold a vote to change its state of incorporation from Delaware to Texas. This decision comes after a poll on X showed 87.1% of respondents in favor of the move.