Summary
Tesla stock fell as much as 5% in early trading before recovering slightly to a deficit of 2.5% in the wake of the price reductions. CEO faces a key conference call with the investment community on Tuesday. Tesla’s latest quarterly figures are expected to reveal its worst performance in seven years.
Reuters reported this month that Tesla had halted development of the Model 2. Musk said this weekend he would reschedule the India trip to a later date this year. He had been due to visit on 21 and 22 April, where he had been expected to announce an investment of $2bn-3bn in India.
