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[ Mon, Dec 30th 2024 ]: Reuters

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Tesla investor: Elon Musk is working more for Trump and less for Tesla

Tesla shareholders may want to begin paying attention to who is really running the EV giant, one prominent investor says.
The article from AOL Finance discusses Tesla's investor day where Elon Musk revealed that the company is working on a new vehicle platform named "generation 3." This platform aims to significantly reduce manufacturing costs, potentially halving them, which could lead to a more affordable Tesla car priced around $25,000. Musk highlighted that this new platform would not only lower production costs but also increase production efficiency, with plans to produce up to 20 million vehicles annually. The article also touches on Tesla's broader strategy to expand its market reach, including plans for a new factory in Mexico, and emphasizes the company's focus on sustainable energy and autonomous driving technology. However, the article notes that while these plans are ambitious, Tesla has not provided a specific timeline for when this new, cheaper model might be available.

Read the Full AOL Article at:
[ https://www.aol.com/finance/tesla-investor-elon-musk-working-154454577.html ]