Tesla Chief Executive Elon Musk has for years teased the world with his dream of an affordable electric car. This week, fans hope, he will explain what he has in mind - and perhaps how he can afford to build it.
"The formula for decoding Musk is pretty simple. Take whatever time frame he has, and multiply it by two," said Gene Munster, Managing Partner at Deepwater Asset Management, which owns Tesla shares.
Last year, Musk announced a plan to roll out a robotaxi with no steering wheel or pedals by 2024, though it was not clear if it was the same inexpensive car. Guidehouse Insights analyst Sam Abuelsamid said Tesla might announce a cheaper car with short driving range for the Chinese market, but a long-range, affordable car that would appeal in the U.S. market will probably take some time due to slow ramp up of its own batteries.
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