Tesla has implemented a new round of price cuts for its Model 3 and Y cars in the U.S., with prices adjusted downward by 2.65%-4.23%. Gary Black, a Tesla investor and Managing Partner at Future Fund, warned that these price cuts could lead to Wall Street analysts cutting their 2024 earnings per share estimate for Tesla by another $0.30-$0.50 per share. Black also expressed concerns that investors may expect more price cuts if these prove ineffective.