SAN FRANCISCO : 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, an
SAN FRANCISCO : 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.
Whatever he says about timelines, though, investors will be wary, since he has missed his most prominent deadlines while building the world's most valuable car company. Last year, Musk announced a plan to roll out a robotaxi with no steering wheel or pedals by 2024, though it was not clear if it was the same inexpensive car.
Musk said last year in a podcast about minerals, titled 'Getting Stoned', that the new master plan, building on earlier ones for vehicle launches and developing solar and energy storage businesses, is about how to"scale" and get all the materials needed to make batteries for vehicles and energy storage systems.
Musk has also said Tesla will continue to use battery suppliers to scale up fast. Tesla counts Panasonic, CATL, LG Energy Solution and BYD as cell suppliers.
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