Tesla investor day: Elon Musk hints at next-generation Teslas at investor day
The CEO disappointed many who had been expecting him to lay out a plan to make a small, affordable EV to broaden Tesla’s appeal and fend off competition.
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The CEO disappointed many who had been expecting him to lay out a plan to make a small, affordable EV to broaden Tesla’s appeal and fend off competition.
By Hyunjoo Jin SAN FRANCISCO (Reuters) - Tesla Inc engineers at the company's Investor Day on Wednesday described plans to cut vehicle assembly costs by half, and Chief Executive Elon Musk hinted at a next
Tesla has outlined a strategy to halve its production costs and speed up the time it takes to build a new car, which will lead to the launch of more affordable models.
At the close of trading Wednesday, Musk's net worth was down $1.91 billion on the day, to $184 billion, dropping back below the $186 billion fortune of luxury goods mogul Bernard Arnault.
Shares fell more than 5five per cent in after hours trade following presentations at the company’s investor day from its Texas headquarters