- Tesla executives said wide range of efficiency improvements put company on track to launch far cheaper electric vehicle, potentially allowing it to tap big new market.
- Head of vehicle engineering said 'next-generation platform' for cheaper vehicle will move quickly over next couple of years.
- CEO Elon Musk said 'affordability' was biggest barrier to Tesla reaching bigger market.
- Tom Zhu, head of Tesla’s China operations, said lower prices had immediate impact, with company increasing market share in country.
- Zack Kirkhorn, CFO, said company expected to need investment of $150bn-$175bn to hit 2030 production target, expected to meet out of operating cash flow.
Tesla touts cost efficiencies as it gears up for more affordable model
Electric-car maker lays out ‘next-generation platform’ at its first investor day in Texas
Richard Waters
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