Elon Musk: Tesla may cut prices again in ‘turbulent times’
Marijuana Stocks, Finance, & InvestingUncategorized July 23, 2023 MJ Shareholders
By Annabelle Liang
Tesla chief executive Elon Musk says the electric carmaker could continue to cut prices as the world economy is in “turbulent times”.
The multi-billionaire’s comments came after the company reported that its profit margins had been squeezed as it faced tough competition.
In recent months, Tesla has cut its prices several times in major markets, including the US and China.
The firm’s shares fell by more than 4% in after-hours trade in New York.
Tesla reported that its profit margin had fallen to the lowest level in four years.
The company said its gross profit margin fell to 18.2% for the three months to the end of June, down from 26.2% for the same period last year…
Read More
MJ Shareholders
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers
