NEW YORK: Tesla's results for the third quarter missed analyst estimates on Wednesday (Oct 18), as the Elon Musk-run company was hit by higher costs a...
Brand new Tesla cars parked at a Tesla dealership in Corte Madera, California, on Wednesday. – AFPpicTesla's results for the third quarter missed analyst estimates on Wednesday , as the Elon Musk-run company was hit by higher costs and the fallout from price discounts.
Musk has undertaken multiple price cuts throughout 2023 on vehicles, telling investors in April that the company has taken the view that pushing for higher sales is the right choice versus taking a bigger margin. The price cuts have made investors nervous and Tesla's share price slid more than seven percent in the last month.
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