Tesla stock falls after Musk says company likely won't turn profit this quarter
Tesla Inc.’s big Thursday announcement turned out to be making good on its longstanding promise to offer a Model 3 for $35,000.
The cheaper version will have a shorter driving range and new interior options. Orders will start today. Shares of Tesla TSLA, +1.63% were halted ahead of the announcement after ending the regular trading day up 1.6%. Tesla also said it was shifting all its sales to online. The move, alongside other efficiencies, the company said in a blog post, enabled the company to lower all vehicle prices by about 6% on average.
Claudia Assis Claudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter @ClaudiaAssisMW.
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