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Tesla shares slump as Musk puts the brakes on new product launches

Tesla shares slump as Musk puts the brakes on new product launches

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Tesla Inc (NASDAQ:TSLA) shares hit the skids yesterday as investors fretted over the timelines of new product launches, including the much delayed Cybertruck. A couple of weeks ago the company removed from its website all references to its Cybertruck going into production in 2022 and the company’s founder Elon Musk confirmed yesterday the electric vehicle maker is to put the brakes on several 2022 product launches including the Cybertruck, to concentrate on serving customers in its core business.

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