Musk warns of slower sales growth
Edited By WION Video Desk
Published: Jan 27, 2024, 07:05 IST | Updated: Jan 27, 2024, 07:05 IST
Tesla, the world's most valuable automaker, hit a major speed bump this week. CEO Elon Musk warned of "notably lower" growth in 2024, despite recent price cuts that hurt margins. Investors reacted harshly, sending the stock down 13% in a week. Meanwhile, short sellers are having a field day, making Tesla the most profitable short trade in the US so far this year.
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