Shares fell after Tesla CEO Elon Musk’s presentation promised plenty of growth but offered no new vehicle designs
NEW YORK – Elon Musk presented a heady vision Wednesday to turbocharge Tesla’s growth at an investor day filled with ambitious targets but short on details sought by Wall Street.
Reviewing the company’s quickly expanding electric vehicle (EV) production, Musk and a team of executives promised more outsized growth through streamlined manufacturing processes, smart design and a relentless focus on costs.
“There is a clear path to a fully sustainable Earth with abundance,” Musk said early in the presentation, at which the company set annual production of 20 million vehicles as an eventual aspiration.
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