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.

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Source Fool.com