Tesla takes hit - as Elon Musk says shift towards affordable models is proving expensive
![Tesla takes hit - as Elon Musk says shift towards affordable models is proving expensive](https://e3.365dm.com/24/07/1920x1080/skynews-tesla-cyber-truck_6637100.jpg?20240723132301)
Shares in Tesla have taken a hit after the electric vehicle maker published a 45% decline in quarterly profits and warned cost reduction targets were off track.