Tesla stock plunges on Wednesday: why Elon Musk's latest move may backfire

The surprise move knocked Tesla's stock down roughly 1.5% down in early trading, signaling that Wall Street has already begun weighing the strategic gamble. The pivot accelerates Tesla's push toward recurring software revenue but raises immediate questions about adoption economics and customer backlash. The investors are assessing whether the strategy can actually deliver the cash flow boost Musk needs heading into an earnings season fraught with concerns over declining vehicle sales. For anyone considering ...