Tesla CEO Elon Musk is considering lowering the cost of Tesla vehicles as the company puts an emphasis on sales over profits, in hopes the self-driving software will boost margins.
The Future Fund managing partner Gary Black discusses whether Tesla's 2023 stock rally will last on 'The Claman Countdown.'as the company puts an emphasis on sales over profits, in hopes the self-driving software will eventually boost margins.
The company has slashed prices several times in the U.S., China and other markets since late last year and increased discounts and other incentives to reduce inventory, as it tries to shield against competition and economic uncertainty. "One day it seems like the world economy is falling apart, next day it's fine. I don't know what the hell is going on," Musk told analysts on a conference call. "We're in, I would call it, turbulent times."
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