Elon Musk is gung-ho on Tesla sales hitting 2 million after price cuts, but a Wedbush analyst says it’s having to ‘sacrifice margins for volumes’
Elon Musk said he expects Tesla sales to reach 2 million this year after the company’s aggressive price cuts. His bullishness came after Tesla reported better-than-expected fourth-quarter results on Wednesday. Yet the firm saw a decline in vehicle gross margin, indicating that margin is being sacrificed for volume, said a Wedbush analyst. Elon Musk is … Read more