Elon Musk Expresses Concerns Over Economy and Tesla's Margins

Tesla CEO Elon Musk expressed his confusion and frustration with the uncertain macroeconomic environment during a second-quarter earnings call. Musk stated that the world economy seems to be falling apart one day and fine the next, and he doesn't know what is going on. Tesla has been slashing EV prices this year to keep up with competition and rising interest rates. Despite the challenges, Tesla reported an all-time high revenue of $24.93 billion, beating expectations. Musk indicated that Tesla may further reduce prices depending on the macro-environment.