Tesla Stock Is Sliding Tuesday Afternoon: What's Going On?
1. Tesla launched lower-priced Model Y and Model 3 vehicles to attract more customers. 2. Stock dropped 3.97% amid concerns over profit margin shrinkage. 3. Cannibalization of higher-margin sales may signal weakening demand. 4. Strong third-quarter deliveries might be due to temporary buying before tax credit expiration. 5. Upcoming earnings report will be crucial for assessing profitability.