Is Tesla's Big Gamble on Price Cuts Paying Off?
(NASDAQ: TSLA) has been one of the most remarkable comeback stories in the last decade. It was on the brink of bankruptcy a few times, most recently in 2017-2019. However, as the electric vehicle trend picked up steam in the last few years, Tesla became a huge winner, reporting higher revenue and profitability.
Despite its solid performance, Tesla has an even greater goal for its electric vehicle business: To produce 20 million cars by 2030. And to achieve that target, the company is taking a massive gamble with price cuts.
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Source Fool.com