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Elon Musk says EVs still cost too much – but a compact Tesla may be on the way – The Driven

Musk again hints a small “compact” Tesla could be in the pipeline, admits the cost of electric vehicles still too high.

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Tesla co-founder and CEO Elon Musk has again hinted that a small “compact” Tesla could be in the pipeline, as he also admitted the cost of electric vehicles was still too high.
In his conference call with analysts and retail investors this week, Musk said: The thing that bugs me the most is that our cars are not affordable enough. We need to fix that.”
There are a couple of ways to do that lower the cost of production, lower the margin of profit from each vehicle delivery, or build smaller or …

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