During the Battery Day event on Tuesday, Tesla CEO Elon Musk disclosed that the firm plans to manufacture its own battery cells to help improve range and reduce costs.

It was also revealed that a faster version of the Model S, called the Model S Plaid, will be available in 2021 for $139,990.

He said the firm is aiming to sell a $25,000 electric vehicle in three years.

Shares of Tesla tumbled as much as 9% on Wednesday as investors were underwhelmed by the longer-than-expected timeframe for a $25,000 car and no mention of a million-mile battery.

Here’s what six analysts had to say about the event...


Read full article at https://investogist.com/what-6-wall-street-analysts-had-to-say-about-teslas-battery-day/