Raise a Glass to Malbec! Malbec World Day, April 17 | SaltWire #reels #shorts #wine #food - Elon Musk has kept investors hanging since he issued cryptic social posts following an exclusive April 5 Reuters report that Tesla had scrapped its plans for a $25,000 “Model 2” electric vehicle.Related stories
Wedbush Senior Equity Analyst Dan Ives told Reuters that Musk’s silence on the Model 2 was “gut-wrenching” to Tesla investors “because it’s so instrumental to the growth story.” Since the April 5 Reuters report, some investors have cheered the idea of focusing on robotaxis instead of the Model 2. Musk’s two initial posts helped reverse losses in Tesla’s stock, which dropped 6% after the Reuters report on the affordable model.
“You all have done incredible work and those learnings will carry over into all future programs that you work on,” the manager wrote, advising staffers to “tie things off and document things properly” and handle “remaining items for us to close out before moving on.”With no answers from Musk, analysts have issued a flurry of advisories on Tesla’s growth prospects both with the Model 2 and without it.
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