Tesla Struggles Continue: Stock Down 30%, Delivery Worries, China Price Cuts, and Production Cuts
• Tesla stock down 30% in first quarter of 2024
• Tesla warned about significant concerns around delivery growth
• Tesla had to do big price cuts in China following cuts last year
• Reports of Tesla cutting production at Shanghai factory
• Elon Musk proposed hive off AI business, invalidated pay package, wants to move incorporation to Texas