Tesla suffered a heavy blow on the stock market on Thursday. Investors were not pleased with the quarterly figures of the American manufacturer of electric cars. The profit margin had fallen sharply due to the price reductions that Tesla recently implemented. In addition, CEO Elon Musk indicated that he is not done with lowering prices yet. In the current economy, he considers growth in turnover more important than high profits. The stock fell nearly 10 percent.
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Blow to Tesla on the stock market after repeated price cuts
