*ELON MUSK WARNS TESLA MAY KEEP CUTTING PRICES IN 'TURBULENT TIMES' DESPITE MARGIN SQUEEZE $TSLA
-Tesla CEO Elon Musk signalled on Wednesday that he would cut prices again on electric vehicles in"turbulent times", even as his all-out price war on automaker rivals squeezes the company's own margins.
He said so again on Wednesday:"I think it makes it does make sense to sacrifice margins in favor of making more vehicles," adding that if macroeconomic conditions were not stable, Tesla would have to lower prices. "Multiple rounds of aggressive price cuts has put Tesla in a position of strength after building its EV castle and now is set to further monetize its success," Wedbush analysts said in a note.
"They are trying to get the prices right so they can generate the demand for the units, and then they like to run their factories as efficiently as they can ... they don't want to build up those inventories."
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