(Bloomberg) -- Tesla Inc. shares pared a steep drop in intraday trading after Chief Executive Officer Elon Musk denied a report saying the carmaker had called off plans for a less-expensive vehicle.Most Read from BloombergNY Area Hit by Biggest Quake in 140 Years; Flights DisruptedTexas Toll Road Takeover to Cost Taxpayers at Least $1.7 BillionZimbabwe Replaces Battered Dollar With New Gold-Backed Currency Called ZiGSaudi Crown Prince MBS’s $100 Billion Foreign Investment Quest FaltersTurkey... Read this story