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Elon Musk: Lowering Tesla’s Costs is a Penny Game and Feels Like Digging a Tunnel with a Spoon
Musk said lowering Tesla’s costs is a game of pennies and “sometimes feels like digging a tunnel with a spoon.” During Tesla’s third quarter 2023 earnings conference call, Tesla CEO Elon Musk repeatedly mentioned the negative impact of high interest rates on consumer confidence. ”Tesla is a very powerful ship, but in a storm, no matter how strong the ship is, there will be trouble.” The storm in Musk’s mouth refers to the high interest rate environment in the United States that has led to an increase in the monthly payment cost of car loans, even if Tesla Lowering prices does not make buying a car any cheaper for consumers.…