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In this Dec. 18, 2018, photo, one of the test vehicles from Argo AI, Ford's autonomous vehicle unit, navigates through the strip district near the company offices in Pittsburgh. In the world of autonomous vehicles, Pittsburgh, Phoenix and Silicon Valley are bustling hubs of development and testing. But ask those involved in self-driving vehicles when we might actually see them carrying passengers in every city, and you'll get an almost universal answer: Not anytime soon. An optimistic assessment is 10 years. Many others say decades as researchers try to conquer a number of obstacles. (AP Photo/Keith Srakocic)

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File---Picture taken March 20, 2019 shows CEO of the German car manufacturer BMW, Harald Krueger, attending the earnings press conference in Munich, Germany. (AP Photo/Matthias Schrader)

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FILE - In this Sunday, May 19, 2019, file photo, a line of unsold 2019 Model 3 sedans sits at a Tesla dealership in Littleton, Colo. Tesla is close to setting a quarterly record for deliveries, but the company is having trouble shipping vehicles to the right places as the second quarter comes to a close, CEO Elon Musk told workers in an internal memo. (AP Photo/David Zalubowski, File)

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Tesla: Sales record within reach but deliveries are problem

RETRANSMITTING TO REPLACE ENTIRE CAPTION Republican Wisconsin Assembly Speaker Robin Vos joins with fellow Republicans in the Assembly chamber before a planned to vote to pass the GOP's version of the state budget on Tuesday, June 25, 2019, in Madison, Wisconsin. Vos argues the budget is fiscally responsible, while Democrats say it falls short of addressing the state's needs. (AP Photo/Scott Bauer)

Wisconsin passes budget after Tesla proviso woos key senator

Wisconsin Democratic Assembly Minority Leader Gordon Hintz speaks out against the Republican version of the state budget up for Assembly approval on Tuesday, June 25, 2019, in Madison, Wisconsin. Hintz was joined in the Assembly parlor by fellow Democrats and advocates for Medicaid expansion and other priorities Republicans killed in the budget. (AP Photo/Scott Bauer)

Assembly passes Wisconsin budget with last-minute changes

Tesla budget provision targeted at senator who sells parts

Is Elon Musk closing troublesome Twitter account or teasing?

FILE - In this March 14, 2019 file photo, Tesla CEO Elon Musk speaks before unveiling the Model Y at the company's design studio in Hawthorne, Calif. Musk will face the electric car maker's shareholders during the company's annual meeting on Tuesday, June 11. (AP Photo/Jae C. Hong, File)

Tesla CEO lifts shareholder spirits, takes aim at media

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FILE - This Wednesday, Aug. 8, 2018, file photo shows the Tesla emblem on the back end of a Model S in the Tesla showroom in Santa Monica, Calif. Faced with a slumping stock price and questions about demand for its vehicles, Tesla has lowered the U.S. base prices of its two most expensive models. The company on Monday, May 21, 2019 cut $3,000 from the price of the Model S sedan and $2,000 from the Model X SUV. (AP Photo/Richard Vogel, File)

Tesla reduces prices on Models S and X amid stock slump

Insider Q&A: Velodyne advocates for safer self-driving cars

Photos

A mannequin Starman sits at the wheel of a Tesla Roadster in this photo posted on the Instagram account of Elon Musk, head of auto company Tesla and founder of the private space company SpaceX. The car will be on board when SpaceX launches its new rocket, the Falcon Heavy, from Kennedy Space Center at Cape Canaveral, Fla., scheduled for Tuesday, Feb. 6, 2018. (Courtesy of Elon Musk/Instagram via AP)

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Quotations

Musk predicted another loss in the second quarter but said Tesla would be profitable again by the third quarter.

Tesla: Sales record within reach but deliveries are problem →

Tesla said in a statement that the reductions are about 2% to 3% on the S and X. The company last week raised the price of its top-selling Model 3 by $400, pushing the base price to $35,400.

Tesla reduces prices on Models S and X amid stock slump →

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