Tesla shares drop after warning of slower volume growth in 2024

Elon Musk’s Tesla on Wednesday reported a fall in fourth-quarter gross margin from a year earlier as it cut prices and offered incentives to boost demand for its electric vehicles.Tesla warned of a sharp slowdown in volume growth this year compared with the previous year.“In 2024, our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next-generation vehicle at Gigafactory Texas,” it said in a statement.Elon Musk’s Tesla warned of a ...