Tesla stock slides 8% as Elon Musk's price cuts eat into quarterly profits

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Reuters tesla plant.JPG
Tesla shares fell in Thursday's premarket with Elon Musk's price cuts eating away at the EV maker's profit margins.

Aly Song/Reuters

Elon Musk's prized Starship mega-rocket exploded into a fireball on its first attempt to launch into space

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fireball of smoke in the sky
Starship and its Super Heavy booster explode while tumbling through the air, in a SpaceX livestream on April 20, 2023.

SpaceX

Elon Musk predicts a year of 'stormy weather' for the US economy - and warns Tesla faces a raft of headwinds

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Elon Musk attends The 2022 Met Gala Celebrating
Elon Musk.

Theo Wargo/WireImage

A look back on Elon Musk's middle-school humor: from jokes about 420 and 69 to 'Titter'

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Elon Musk attends Heidi Klum's 21st annual Halloween party at Sake No Hana at Moxy Lower East Side on Monday, Oct. 31, 2022, in New York. (Photo by Evan Agostini/Invision/AP)
Elon Musk has a number of go-to jokes involving 420 and 69.

Evan Agostini/Invision/AP

An AI researcher hired to build Elon Musk's ChatGPT rival was arrested in a 'domestic violence incident'

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Twitter Headquarters is seen in San Francisco, California
Twitter Headquarters in San Francisco, California

Anadolu Agency / Getty Images

The user who invented the hashtag has reportedly left Twitter, saying the company 'deserved more dignity and consideration than it's received in the last six months'

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Elon Musk and a Twitter logo are seen in this illustration photo in Warsaw, Poland on 30 November, 2022. The revamped Blue Twitter subscription might not be available as in-app purchase on Apple devices when it eventually relaunches. The decision presumably was made so that Twitter can dodge Apples 30 percent cut of App Store purchases. While Elon Musk is publicly tweeting his displeasure with Apple, it appears he wants to avoid having to pay Apples fees.

Meta's latest round of layoffs will hurt productivity and damage employee morale

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Meta

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The Tesla factory where a worker was crushed to death had safety weaknesses, report says

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An aerial view of Tesla Shanghai Gigafactory on March 29, 2021 in Shanghai, China. Tesla Shanghai Gigafactory is reportedly producing vehicles at a rate of about 450,000 cars per year.
An aerial view of Tesla Shanghai Gigafactory on March 29, 2021 in Shanghai, China.

Xiaolu Chu/Getty Images

Mysterious glowing 'SpaceX spirals' in the night sky seem to be linked to rocket launches

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In this photo provided by Christopher Hayden, a light baby blue spiral resembling a galaxy appears amid the aurora for a few minutes in the Alaska skies near Fairbanks, Saturday, April 15, 2023.
In this photo provided by Christopher Hayden, a light baby blue spiral appears amid the aurora for a few minutes in the Alaska skies near Fairbanks, on April 15, 2023.

Christopher Hayden via AP

Tesla falls after issuing a fresh round of price cuts ahead of reporting earnings results

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The Tesla Model Y electric SUV.
The Tesla Model Y.

Tim Levin/Insider

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