Hyperdrive
Tesla Shares Drop After Investor Day Without Any New Models
- Shares drop after hours-long event without a car unveiling
- Musk sees potential for clean energy with little sacrifice
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Elon Musk’s latest master plan for Tesla Inc. fell flat as the electric-car maker shared scant details about next-generation models that will underpin its next phase of growth.
The roughly four-hour presentation was long on calculations of what the sustainable energy transition will require, along with boasts about manufacturing and engineering efficiencies. But Musk and the executives who joined him on stage wrapped Tesla’s investor day without giving a glimpse of cheaper EVs that may still be years away.