Elon Musk Expresses Uncertainty About Economy and Signals Further Price Cuts for Tesla

Tesla CEO Elon Musk expressed his confusion about the uncertain macroeconomic environment, stating that he doesn't know what is happening. Tesla has been slashing prices for its electric vehicles to keep up with competition and rising interest rates. Despite the economic challenges, Tesla reported an all-time high revenue of $24.93 billion, beating analysts' expectations. Musk mentioned the possibility of further price cuts depending on the macro-environment, emphasizing the importance of making more vehicles over sacrificing margins. Tesla's share prices fell in after-hours trade but have seen a significant increase this year.