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Tesla shares tumble as analyst decries ‘train wreck’ investor call

Por: Portland Press Herald World January 25, 2024

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Tesla shares plummeted more than 10% Thursday, wiping billions off the company’s valuation after CEO Elon Musk failed to allay concerns about stagnating growth and persistent price cuts on the company’s earnings call. The electric vehicle maker ushered in steep price cuts to maintain demand throughout 2023, resulting in 38% growth in vehicle deliveries that hardly translated into additional revenue, prompting worry from investors and... + full article



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