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Fortune
Fortune
Business
Steve Mollman

Elon Musk and Tesla owners are learning a harsh lesson about revaluation

(Credit: Patrick Pleul—picture alliance via Getty Images)

Investors nervous about Tesla’s future were not likely assuaged by the company slashing prices as much as 20% on Thursday. Aside from angering customers who felt “duped” after buying vehicles at earlier prices, the move has many Tesla watchers sulking about revaluation and the perceived miscues of both the company and its mercurial CEO Elon Musk. 

Earlier this month, Tesla posted deliveries that fell short of Wall Street’s expectations, despite offering discounts to U.S. consumers.

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