Tesla Motors Inc – Page 18

Elon Musk Faces Trial Over His 2018 Plan to Take Tesla Private

Investors are seeking billions of dollars in damages for their losses after Mr. Musk posted a proposal on Twitter that never materialized.

The price reductions in the United States will make more of the company’s electric vehicles eligible for a federal tax credit.

Automakers have been hampered by the supply of semiconductors and higher interest rates.

A huge sell-off wiped billions of dollars from the electric carmaker’s market capitalization on Tuesday. Analysts see more trouble ahead.

Wall Street has grown decidedly pessimistic about Tesla, fearful that Elon Musk, its chief executive, is too focused on Twitter.