Elon Musk has for years teased the world with his dream of an affordable electric car.
Musk said last year he shelved the plan for a $25,000 car, known as Model 2, and he hasn't mastered the new battery technology that he has stated would be crucial to the cheap cars.
"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. A recent Tesla engineering video showed a small car with typical Tesla curves that was assumed by company watchers to be a Model 2 sketch.
The fundamental determinant"of the rate at which we can transition to sustainability is the rate at which we can grow the output of lithium ion batteries," he said in the interview.
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