Tesla's Price Cuts and Adjustments

CEO Elon Musk said the company will have to keep lowering the prices of its EVs if interest rates continue to rise. Nokshan and Kane: I think it does make sense to sacrifice margins in favor of making more vehicles, because we think in the not too distant future, they will have a dramatic valuation increase. The Tesla fleet value increase at the point that we can upload a full self, full self driving and it's approved by regulators will be the single biggest step change in asset value, maybe in history.