Tesla slightly beat analysts' estimates for fourth-quarter revenue, saying it was accelerating its cost reduction roadmap and ‘driving towards higher production rates’
aggressive price cuts have ignited demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, playing down concerns that a weak economy would throttle buyers' interest.
However, Musk, who has missed his own ambitious sales targets for Tesla in recent years, said 2023 deliveries could hit 2 million vehicles, absent external disruption.
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