(Bloomberg) — Elon Musk is known to challenge the status quo — and that’s exactly what Tesla Inc.’s investors are worried about right now.
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The company’s shares are weathering the longest rout since late 2022, tumbling nearly 19% over the past seven days, amid doubts about its business strategy as sales of electric vehicles slump.
The latest worry? That Musk, Tesla’s chief executive officer, will announce plans on Tuesday’s earnings call to nix the rollout of a cheaper model and focus on developing a fully self-driving vehicle — a project that would face considerable regulatory and commercial obstacles.
That would mark a major break with what analysts had been expecting and leave the company with no…
