Tesla's price war is hurting its bottom line more than ever — and Elon Musk is prepared to keep going

• Elon Musk is showing no signs of slowing down Tesla's price war.
• The CEO said Tesla will continue to slash prices if the economy doesn't stabilize.
• The company has trimmed its prices several times over the year and its profit margins have slipped as a result.

Tesla's price war is cutting deep into the electric-car maker's profit margins, but Elon Musk is showing no signs of stopping.

"If market conditions are stable, I think prices will be stable," Musk said when asked if price cuts will continue. "If they're not stable, then we would have lower prices."