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Tesla expected to post lower profit margin amid doubts on growth, product strategy

Tesla is expected to report its lowest gross profit margin in more than six years on Tuesday after a chaotic week that included major layoffs, vehicle price cuts and urgent calls by investors for clarity on product strategy. Tesla's chief, Elon Musk, likely will face pointed questions from investors on the post-results conference call about the fate of the so-called Model 2, a low-cost vehicle he had promised in January would be available in 2025. Reuters exclusively reported on April 5 that Tesla had scrapped plans for the model and shifted focus to building a self-driving robotaxi on the same small-car platform.

SCULLY ROYALTY : PROXY STATEMENT - Form 6-K -December 01, 2023 at 02:05 pm EST

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