Tesla's Elon Musk promises dramatic cuts in electric car costs, shares plunge

Tesla's Elon Musk promises dramatic cuts in electric car costs, shares plunge

4 years ago
Anonymous $rxtAWepgzY

https://www.reuters.com/article/us-tesla-batteryday/teslas-elon-musk-promises-dramatic-cuts-in-electric-car-costs-shares-plunge-idUSKCN26D19P

CEO Elon Musk outlined Tesla Inc's plans to cut electric vehicle battery design and manufacturing costs so radically that a $25,000 car that drives itself will be possible, but the automaker's shares tumbled as Musk forecast the change could take three years or more.

Tesla's Elon Musk promises dramatic cuts in electric car costs, shares plunge

Sep 23, 2020, 12:21am UTC
https://www.reuters.com/article/us-tesla-batteryday/teslas-elon-musk-promises-dramatic-cuts-in-electric-car-costs-shares-plunge-idUSKCN26D19P >CEO Elon Musk outlined Tesla Inc's plans to cut electric vehicle battery design and manufacturing costs so radically that a $25,000 car that drives itself will be possible, but the automaker's shares tumbled as Musk forecast the change could take three years or more.