After selling for $15,000 as recently as August, the price to buy FSD has now dropped to just $8,000 as Musk struggles to sell enough people on the technology.
Tesla plans to make the new vehicles more affordable too, Musk said, noting that production is “not contingent on any factory or massive production line.” “It’ll be made o
If you were asked to name the car maker that’s having the worst week, would it take you more than a few seconds to shout out Tesla? There’s little competition right now, as the struggling automaker deals with bodged recalls,
Shares in Tesla ( TSLA) are still suffering their second-largest drawdown since the company went public in 2010 and have shed nearly $350 billion in market value this year. The group is now under tremendous pressure to regain investors' confidence and define its near-term growth prospects as EV demand has been fading and its profit margins have been narrowing.
A day of reckoning has come for Elon Musk, who's set to address investors and analysts about Tesla on Tuesday evening following a disastrous start to the year for the world's most valuable car company.