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Wildbilly

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Wildbilly

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Tuesday, 06/03/2014 7:48:45 PM

Tuesday, June 03, 2014 7:48:45 PM

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Musk optimistic about Tesla's battery cost reduction

SAN FRANCISCO (MarketWatch) -- Tesla Motors Inc. TSLA -0.21% CEO Elon Musk told shareholders Tuesday the electric car maker and battery partner

Panasonic Corp. JP:6752 +0.27% are confident they can achieve a 30% battery cost reduction in future years. Musk also said he plans to continue to lead

Tesla at least another 4 to 5 years, according to reports from the company's annual shareholder meeting. Shares of Tesla were flat on Tuesday at $204.70.

The stock has gained 121% in the past 12 months, and lost 18% in the last three months.

http://www.marketwatch.com/story/musk-optimistic-about-teslas-battery-cost-reduction-2014-06-03
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