Tesla's Elon Musk promises dramatic cuts in electric car costs, shares plunge
TECH
September 22, 20203 min read, 528 words

Tesla's Elon Musk promises dramatic cuts in electric car costs, shares plungeTesla's Elon Musk promises dramatic cuts in electric car costs, shares plunge

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Published: September 22, 2020  |  3 min read, 528 words
By , All told, Tesla’s market capitalization plunged $50 billion from its Monday close, as investors wiped out $20 billion of that in just two hours after trading closed Tuesday.Musk acknowledged that Tesla does not have its ambitious new vehicle and battery designs and manufactu...
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