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Elon Musk grilled on Tesla's price cuts during earnings call

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Elon Musk was grilled on Tesla's price cuts during the company's earnings call

"We're not trying to, say, take pricing actions in order to deliberately undermine competitors or anything like that," Musk said on Wednesday's call."We really don't think about competitors that much."

Tesla's stock has dipped about 10% since the company released its earnings on Wednesday. Wedbush analyst Dan Ives"Elon Musk is using pricing as a cudgel against the competition," former Ford CEO Mark Fields ."He's doing it because he has positive margins on EVs versus the competition which may not. When you look at using pricing to grow demand, you have to ask 'how low can you go?'"Subscribe to push notifications

 

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Elon Musk was grilled on Tesla's price cuts during the company's earnings call - AutoblogThe company has slashed its prices six times this year, and its profit margins have dropped as a result.
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