- Shares of Tesla edged higher on Tuesday ahead of the electric car maker's first-quarter results, with analysts expecting its lowest gross profit margin in more than six years.
Reuters exclusively reported earlier this month that Tesla had scrapped plans for the model and shifted focus to building a self-driving robotaxi on the same small-car platform.Musk initially posted on social media that "Reuters is lying," but has yet to identify any inaccuracies or clarify the fate of the model. Investors had pinned hopes for sales growth on the Model 2.
Tesla shares have lost about 43% so far this year, and is among the worst performers on the S&P 500 index. He has also raised more questions with recent social media posts about Tesla's self-driving vehicle strategy. Musk recently teased a "Robotaxi unveil" on "8/8," presumably meaning August 2024, and later posted that going "balls to the wall" on autonomy was a "blindingly obvious" move.Trump Media's DJT stock price has plunged since its SPAC merger. And it's probably going to get worse once Trump himself can sell shares.
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