Elon Musk isn't giving up on his price war, and it's making Tesla investors anxious

Thu, 04/20/2023 - 15:04

Elon Musk in front of a Tesla — While some investors angst over Tesla's price cuts, Musk defended the company's strategy in a call with analysts after earnings were released Wednesday evening.
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Tesla's profits took a hit in Q1 thanks to price cuts.
Musk says Tesla has to sacrifice some margins for volume right now.
Margins are now 'keeping Tesla investors up at night,' Wedbush analyst Dan Ives said.

Elon Musk has opted to sacrifice some of Tesla's enviable automotive profit margins in favor of chasing sales volumes, a move that has some investors feeling antsy.