Tesla, Inc. (NASDAQ:TSLA) shares rebounded by over 2.50% on Thursday but continues to remain locked in a depressed trading range amid concerns about potential volume decline and further erosion in margins. A fund manager on Wednesday allayed at least one of these concerns. What Happened: Tesla is unlikely to cut prices further as the management has learned that cutting prices in excess of the declines in the “cost of goods sold” will give the company no incremental volume, said Gary Black, Managing Partner at Future Fund. The reason for the inelasticity of demand, according to Black, is compet…
