Tesla did not immediately respond to a request for comment. The coronavirus pandemic has slashed ... salaries by 30% in an effort to cut costs during the shutdown of its U.S. production facilities ...

Tesla's sales fell 42% during the same time frame. BYD has commented that it would adjust prices based on consumer demand for its vehicles. Tesla's share price lost about 70% of its value in 2022 ...

Given the spike in Covid cases in key manufacturing ... Some have cited his alleged distraction during this time as another reason for the fall in Tesla's share price. Last week, Mr Musk tweeted ...