Elon Musk promises bargain-Tesla – full-year targets confirmed

“Battery Day”
Musk promises a bargain-Tesla – full-year targets confirmed

The first annual General meeting, then “Battery Day”: Tesla boss Elon Musk was in continuous use. Despite the ambitious plans and big announcements, investors reacted with disappointment, however, first of all.

Elon Musk wants to bring a Tesla at a bargain price on the market – can drive fully autonomously.

“We are confident that we can build a very, very compelling electric car for $ 25,000,” said the star entrepreneurs in the case of Tesla’s “Battery Day” in the Californian city of Fremont. However, have to wait for customers, because the prerequisite for this is that the prices can fall sharply, are in drastic cost reductions in battery manufacturing. Musk believes, to be able to achieve it, but only in about three years.

Since the Tech-billionaire delivered, especially the music of the future, were not met the high expectations of the Event, for the observer on ground-breaking innovations in the production of car batteries had speculated, in the end. Efficient and cost-effective batteries are considered to be a prerequisite, and that is able to enforce electric mobility to the mass market. Tesla to trust analysts in this area very much. According to high the voltage was on what would present Musk.

Musk group is currently the highest traded car manufacturers

But if the Tesla-chief demonstrated, once again, a lot of and announced – overall, the battery costs halved, thanks to technical progress and the range of the E-cars are massively increased – it was only in the medium to long-term promise. Musk had dampened hopes of an immediate breakthrough on the eve of, by he said on Twitter that the innovations in Tesla’s battery technology is only likely to make starting in 2022 in larger volume of production is noticeable.

Despite this warning, investors reacted with disappointment and gave the shares, which had already left, with a Minus of 5.6 percent from the regular US trading, after trading hours by more than 7 per cent fall. However, Tesla, with a price increase of over 400 percent in the current year to the greatest high-Flyers in the market, so that the opportunity for profit-taking is favorable. With a market value of over 395 billion dollars of the Musk-group is currently by far the highest-traded automobile manufacturer in the world.

Even if the battery was not able to convince Event, have Tesla Fans currently have a lot of reason to be happy. For while the Corona of a pandemic, the car industry makes to create as a whole, provides for Musk, his company continued Success. “For us, it’s 2020, we will achieve despite the difficult circumstances likely to be a growth of between 30 and 40 percent,” said Musk at Tesla’s annual General meeting in front of the “Battery Day”. Thus, he made it clear that Tesla is sticking to the ambitious target for the year, some 500,000 E-cars to deliver. That would be 36 per cent more than in the previous year.

“While it went down for the Rest of the industry, it went for Tesla upwards,” triumphed Musk. The 49-year-old Tech billionaire has had the Fans by the concert party, as the shareholder meeting prior to Tesla’s US car plant pandemic as a result of the open-air stage in the style of a drive-in cinemas met. The mood was, given the recent wave of success and Musk received after confirmation of the targets for the year and the most recently achieved milestone of the first four consecutive quarters of profit in a row a lot of recognition.

ivi
DPA

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