Elon Musk’s ‘Master Plan’ for Tesla fails to charge up investors

Source: theglobeandmail.com theglobeandmail.com

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A Tesla vehicle in Austin, Tex., on Feb. 22.Eric Gay Tesla Inc’s TSLA-Q shares fell 6 per cent premarket on Thursday, after Chief Executive Elon Musk and team’s four-hour presentation failed to impress investors waiting for an affordable electric vehicle and a plan with a concrete timeline. Musk and more than a dozen executives laid out fresh plans to cut assembly costs by half, invest in a new plant in Mexico and discussed the company’s innovation in managing its operations at its investor day on Wednesday. However, the event, where Musk revealed the EV maker’s ‘Master Plan 3′, was short...