How Elon Musk has missed his targets on delivering affordable cars


FILE PHOTO: Visitors check a Tesla Model 3 car at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China, Feb. 4, 2023. REUTERS/Florence Lo

(Reuters) - Tesla Inc Chief Executive Elon Musk is expected to lay out details of affordable electric cars at the company's Investor Day on Wednesday in Texas, where he will unveil the EV maker's "Master Plan 3."

Musk said making an affordable car has been his "dream" since joining the company. While Tesla has jump-started the EV market by offering its premium Model 3 and Model Y vehicles, Musk has missed his targets to deliver electric vehicles attractively priced for the mass market.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Exclusive-Google works to erode Nvidia's software advantage with Meta's help
Brazil to get satellite internet from Chinese rival to Starlink in 2026
US gaming platform Roblox pledges changes to get Russian ban lifted
Oracle's $10 billion Michigan data center in limbo after Blue Owl funding talks stall, FT reports
Coursera to buy Udemy, creating $2.5 billion firm to target AI training
Factbox-By the numbers: How the Netflix and Paramount bids for Warner Bros stack up
Warner Bros Discovery board rejects rival bid from Paramount
Analysis-Qatar bets on cheap power to catch up in Gulf AI race
Analysis-Crypto investors show caution, shift to new strategies after crash
OpenAI’s ChatGPT updated to�make images better and faster

Others Also Read