Elon Musk's Silence on Tesla's Model 2 raises Investor concerns amid strategic uncertainty

Elon Musk's Silence on Tesla's Model 2 raises Investor concerns amid strategic uncertainty

Elon Musk has left investors in suspense following his cryptic social media posts subsequent to a Reuters report on April 5, revealing that Tesla had abandoned its plans for a $25,000 "Model 2" electric vehicle. Despite Musk's dismissal of the Reuters report as "lying," without specifying any inaccuracies, the lack of concrete updates from him has left Tesla investors anxious. This uncertainty is compounded by Tesla's recent layoff announcement, affecting over 10% of its global workforce and a handful of senior executives, which further heightened shareholder apprehensions. Analysts at Wedbush Securities stressed the urgency for clarity on Tesla's strategic direction, particularly regarding the Model 2, ahead of the earnings call scheduled for April 23. They emphasized the significance of a clear "strategic vision" from Musk, with the Model 2 being a pivotal component. The absence of updates on the Model 2 has been described as "gut-wrench…

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Founded Mainwave Digital Media, Temmy Samuel is a financial advisor and journalist, blending financial expertise with storytelling skills to simplify complex financial topics for readers and clients alike. Learn More About Temmy Samuel

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