Even as Telsa Inc. “Technoking” Elon Musk said the electric-vehicle maker’s current prices are at “embarrassing levels,” the company on Wednesday still reported its lowest automotive gross margins in more than a year amid decades-high inflation, putting Musk in a difficult situation.
Musk has made offering electric vehicles at lower prices part of his “master plan” for Tesla TSLA , but has struggled to do so, with a $35,000 version of the Model 3 quickly disappearing after the car made it through “production hell.” Tesla…