The company has said it will launch new, more affordable models in the first half of this year, but has offered little detail about what those vehicles will be.

Elon Musk sought to reassure Tesla Inc. employees through what he referred to as “a little bit of stormy weather,” after the carmaker’s shares plunged more than 50% in just three months.

Wedbush analyst Dan Ives has urged for sweeping changes at Tesla Inc. (NASDAQ: TSLA) in response to the ongoing decline in the company's share price.