Tesla Shares Slide Further After Price Cuts In Major Markets Over The Weekend
ForbesMAY 2024
Tesla Cutting Prices of Several Models
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The Spin
Narrative A
The sky seems to be falling for what was once Musk's business crown jewel. The price cuts, layoffs, and recalls have continued Tesla's dismal slide, during which its value has decreased and sales have dropped. With a bruising earnings report expected out this week, Musk can't seem to figure out how to stop this tailspin.
Narrative B
It's been a tough week for Tesla — and the week ahead may be rough too — but there are signs of hope because of a possible increase in demand for an updated Model 3 and the potential Musk will soon announce a lower-priced Model 2, which could be extremely popular. Tesla is trying to price its EVs to better fit US budgets, and it's getting there.