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Elon Musk’s Push for Affordable Tesla Models Proves Costly as Company Takes a Hit

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July 24, 2024
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Tesla’s stock prices have taken a hit following the release of its second quarter earnings, which showed a 45% decline in profits and a warning that cost reduction targets were off track. The electric vehicle maker’s stock fell 8% in after-hours trade, putting it on track for a decline of almost 50% in the year to date. According to Chief Executive Elon Musk, the promised shift towards more…

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