Elon Musk said he expects Tesla sales to hit 2 million this year, following the company's aggressive price cuts.
His bullishness comes on the back of Tesla's better-than-expected fourth-quarter earnings results on Wednesday. Still, the firm saw a drop in vehicle gross margins, showing it is having to"sacrifice margins for volume," a Wedbush analyst said. Elon Musk is gung-ho on the prospect of selling 2 million Tesla vehicles this year after recent price cuts, but a Wedbush analyst says the carmaker is having to"sacrifice margins for volume." fourth-quarter earnings
that topped Wall Street expectations. The company said its revenue grew 37% to $24.32 billion, beating market projections for $24.16 billion. per Reuters"We think demand will be good despite probably a contraction in the automotive market as a whole," Musk said on the call.
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