Shares of Tesla Inc. (NASDAQ:TSLA) lost 5.49% over the past five trading sessions in the wake of the EV maker reporting ...

Tesla sales are in free-fall and the automaker doesn’t have any genuinely new product on the horizon ready to save the day.

In January, Tesla boss Elon Musk to launch a range of "more affordable models" by this summer in a bid to broaden its appeal.