When Elon Musk unveiled the Tesla Model S in early May, it was not clear how much of a pushback he would receive from the auto industry.
Tesla’s first cars had been around for more than a decade, and it had a loyal following of owners who wanted to own a car that could run on electricity.
Musk’s strategy for attracting the carmaker’s first electric vehicles, however, was simple: Make them super cheap.
It would help sell the cars, and if it were to sell well, it could potentially attract more buyers.
It seemed like the answer to Musk’s question was “no.”
Tesla has built a reputation for making the most affordable cars, with its flagship Model S and Model X electric vehicles offering up to $30,000 less than their competitors.
It also offers a lot of options, including a range of price points ranging from $35,000 to $150,000, depending on which model you choose.
In short, it’s the perfect car for Tesla, which has struggled to sell cars of the kind it once promised to sell.
The problem, however the company has struggled with, is that its cars have been a drag on its earnings, even as it has become the world’s largest carmaker.
So far, Tesla has sold about 1.7 million electric vehicles since opening its doors in 2008, according to Bloomberg.
Its market share has remained steady, but the company’s profits have suffered.
It was not the only company to have been hit by its first-ever electric car.
Toyota Motor Corp. (NYSE:TM), Ford Motor Co. (NASDAQ:F), General Motors Co. GM, and Nissan Motor Co., all failed to sell enough vehicles to meet demand and lost market share, respectively, in the last decade.
Since then, Tesla’s earnings have been suffering as well.
Its stock has fallen by more than 30% in the past two years, and the company is now on track to lose its market share for the first time in a decade.
The company has been unable to make the Model 3 sedan or the Model Y crossover, the latter of which is expected to be Tesla’s most expensive car.
In a letter to shareholders last week, Musk said that Tesla’s “sales will be impacted” by the Model S’ failure.
In the meantime, Tesla will continue to sell its Model S, Model X, and a handful of other cars.
It plans to start making its first two vehicles in 2019, and has begun to build a factory in Nevada.
Its new plant will employ around 1,200 people, according a report by The Wall Street Journal.
Tesla hopes that this will help the company make more money and eventually make the car more affordable.
Tesla’s stock has risen in value over the past year, but its performance has been lackluster.
The stock has lost almost $1 billion in market value in 2017.
In the meantime it has struggled for much of 2018.
The company will likely be unable to recover its losses as a result of the Model X’s failure.
The SUV is not expected to reach full production until 2019, at which point it will likely have been sold to the Chinese government.
While Tesla’s future depends on its ability to sell more electric vehicles than it can make, it has a plan to address the problem of its first electric car failure.
According to Musk, Tesla is working with Ford, GM, Honda Motor Co, and others to develop a “next-generation” car that will cost $50,000 and have more range than the Model E, which is now Tesla’s cheapest car.
Musk also said that it will not be the first electric truck.
It is possible that other companies will eventually join Tesla in this endeavor, but Tesla’s plan has not yet been confirmed.
At this point, Tesla still doesn’t know how much it will be able to sell the first cars.
While it could sell as many as 2 million vehicles, the company estimates that it is currently only making a profit of $2 million per car, according the WSJ.
That number will only go up, as the company continues to expand production.
That doesn’t mean that Tesla is planning to sell a lot more cars.
As it stands, the car maker has plans to make just two cars a year: the Model 4 and the Model 5, which it is reportedly working on right now.
As Tesla grows in size, it will continue making a number of different models, including its own sedan, a sports utility vehicle, and an SUV.
Its future plans include a large factory and a factory for its battery-electric vehicles.