In a new video interview posted on YouTube late last week, Tesla, Inc. CEO Elon Musk says that a $25,000 electric car similar to the Model 3 is a distinct possibility, given the proper technology and scale.
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<a href="https://www.youtube.com/watch?v=MevKTPN4ozw" target="_blank" rel="nofollow noopener noreferrer">Talking Tech with Elon Musk! - YouTube</a>
Administrator • Aug 24, 2018
Tesla's problem is not the technology. Because I'm sure the talented engineers they have; producing a cheaper EV is not the main question.
Tesla's major problem is finance; and the uncontrollable cash burn. The other day, I was reading an article that said Tesla is likely to run out of cash by the end of this year; unless they magically ramp up the production of ths S3.
Only if they survive and raise more cash - they'll have the runway to keep producing more cars. They've already promised the EV trucks and super sports car - and promised to deliver it in the next 2 years.
Let's see where it goes.
Member • Aug 24, 2018
I agree. I too saw a similar analysis from somewhere else.
