Morgan Stanley Analysis: Impact of Cancelled Low-Cost Model 2 on Tesla Stock
Sunday, 7 April 2024, 22:10
Morgan Stanley Analysis on Tesla Stock
Morgan Stanley recently weighed in on Tesla's stock performance following the news of the company scrapping its low-cost Model 2.
Challenges in Demand
Tesla's latest quarterly results revealed ongoing issues with demand, despite attempts to boost sales through price cuts.
Impact of Model Cancellation
- The decision to cancel the low-cost Model 2 indicates a shift in Tesla's strategy and raises questions about its market approach.
- Investors are monitoring how this move will affect Tesla's future growth prospects and stock performance.
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