Tesla Sets Sights on a $25,000 Vehicle
In Tesla's (NASDAQ: TSLA) highly anticipated Battery Day event on Tuesday afternoon, the electric-car company detailed a range of innovations in battery design and manufacturing. Together, the innovations will more than halve the company's cost per kilowatt-hour (KWh), management believes.
While Tesla's plans for battery production and manufacturing were noteworthy, one of the most straightforward takeaways from the event was a confirmation from the automaker that it plans to launch a $25,000 vehicle in three years.
Here's a look at Tesla's plans for this new vehicle, along with a glimpse into some of the other announcements from the event.
Source Fool.com