Video Credit: Reuters Studio - Duration: 01:54s - Published
Musk says cheaper Tesla batteries 3 years away
Investors slashed $50 billion from Tesla's market value on Tuesday after CEO Elon Musk promised to cut electric vehicle costs so radically that a $25,000 car that drives itself will be possible -- but not for at least another three years.
On Wednesday, Tesla shares fell as much as 7%.
The dip came after Tesla's "Battery Day" event missed expectations.
Investors are questioning the company's lofty stock price.
CEO Elon Musk unveiled..
On Tuesday, Elon Musk ended Tesla's big battery event with some big promises about the pricing of Tesla's future cars.
He also announced a new ultra-fast version of today's Model S.
CNN reports that..
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