Editor
Tesla has already slashed prices six times this year and chief Elon Musk suggested more such moves ahead.
Tesla’s shares sank nearly 10 percent on Thursday after Chief Executive Elon Musk signaled the electric vehicle maker will keep cutting prices to drive up demand even after taking a big hit to margins.
The stock was trading at $163, dragging down other automakers. At least 15 analysts lowered their price targets on Tesla, whose market value was on track to drop by $50bn to about $517bn,…
