Tesla Ignores Q2 Record Cash Burn And Slashes Its Model X And Model S Prices

Tesla Ignores Q2 Record Cash Burn And Slashes Its Model X And Model S Prices:

So what do you do when you’ve just burned through a record $1.2 billion of cash in one quarter, expect to burn an additional $2 billion in capex in the second half of the year and haven’t a prayer of generating positive earnings at any point in the near future?  Well, you slash your product prices, of course.

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