Tesla Drops Over 5%

Video Credit: Wochit Tech
Published on September 23, 2020 - Duration: 00:32s

Tesla Drops Over 5%

On Wednesday, Tesla shares fell as much as 7%.

The dip came after Tesla's "Battery Day" event missed expectations.

Investors are questioning the company's lofty stock price.

CEO Elon Musk unveiled new manufacturing processes on Tuesday set to slash Tesla's battery costs.

The new lower battery costs would allow for the production of a $25,000 electric car in the next three years.

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