Musk Expected To Unveil Plan For Inexpensive Tesla

Reuters reports:

Tesla Chief Executive Elon Musk has for years teased the world with his dream of an affordable electric car. This week, fans hope, he will explain what he has in mind – and perhaps how he can afford to build it.

Musk said last year he shelved the plan for a $25,000 car, known as Model 2, and he hasn’t mastered the new battery technology that he has stated would be crucial to the cheap cars.

The low-priced car is expected to be the centerpiece of Musk’s ‘Master Plan Part Three’, which he will offer at an ‘Investor Day’ on Wednesday, along with plans for factory expansion and capital spending.

Read the full article.