Tesla
TSLA
- Failure to deliver expected revenue and earnings results
- Trouble with its Cybertruck model
- Fear of betting on lower-cost cars
- Price cuts fail to boost sales
- False hope for a surge in self-driving cars
Tesla expressed concern about cutting its costs low enough to make its vehicles affordable. “I’m worried about the high interest rate environment we’re in,” Tesla CEO Elon Musk said in the earnings call, according to CNBC. “If interest rates remain high or if they go even higher, it’s that much harder for people to buy the car. I just can’t emphasize enough how important cost is. …. We have to make our products more affordable so people can buy it,” Musk concluded.
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