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 Tesla would launch a $35,000 Model 3 electric sedan before government incentives by the end of 2017, but the version was only briefly available starting in 2019. At present, Tesla's least expensive car after a recent price cut is $42,990 for a Model 3 standard range version.
Musk's self-driving "robotaxis" have not become a reality despite his repeated promises. Tesla recently more than 362,000 U.S. vehicles over its Full Self-Driving Beta software after U.S. regulators said the driver assistance system did not adequately adhere to traffic safety laws and could cause crashes.When asked by an investor about a $25,000 car, Musk said Tesla was not developing the car, saying "we have enough on our plate right now, too much on our plate, frankly.
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