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Elon Musk says Tesla may cut prices again in 'turbulent times' – BBC News
Posted
July 20, 2023
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July 20, 2023
56,120
530
207
1.31%
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3:24Now PlayingTesla chief executive Elon Musk said 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.
Tesla reported that its profit margin had fallen to the lowest level in four years.
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