Tesla's Stock Dips: Panasonic Warning

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Business

October 31, 2023

By Rahul

On Monday, Tesla shares turn down around 5% to close at $197.36 after updates from Panasonic.

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CEO Elon Musk said that Tesla was focusing on cost cutting and keeping prices as low as for car purchasers.

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Tesla's stock fell 5% on Monday after a key partner reduced battery cell production in Japan.

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EV's, for higher-priced EVs that may not be suitable for tax breaks or other incentives from goverment programs.

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CEO of Tesla had warned shareholders that interest rates were putting pressure on the company. 

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for keeping the prices of its EVs Consumer ability to purchase EVs moving forward. 

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Elon also said that Tesla was facing serious difficulties with start of production of its Cybertruck.

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Elon Musk Sorrowful "We dug our own grave with the Cybertruck".

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The street anticipating tesla to hit 2.3 million vehicle deliveries next year.

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