Tesla Motors chairman Elon Musk is serious about getting beyond sports cars.
At a press conference with California Governor Arnold Schwarzenegger, Tesla co-founder and chairman Elon Musk said the company has an ongoing program to produce an all-electric car that will cost under $30,000. It probably take "four years at most" to get such a car out, he said.
"This is not about addressing a sports car shortage," he said.
Tesla has talked about doing moderately-priced cars since the beginning, but the company now is getting firmer on their plans, which in turns means they are serious.
Getting out an electric car out for less than $30,000, though, won't be easy. Batteries still...