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Home / Tesla shares sink as Musk's sales push by price cuts hurts margins

Tesla shares sink as Musk's sales push by price cuts hurts margins

Posted on April 20, 2023April 20, 2023 by admin

Tesla Inc’s shares sank more than 6.8 per cent on Thursday and dragged down other automakers after Chief Executive Elon Musk signalled the electric-vehicle maker will keep cutting prices to drum up demand even after taking a big hit to margins.
Source: ctv business
Tesla shares sink as Musk’s sales push by price cuts hurts margins

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