: Tesla’s stock falls 5% as Elon Musk’s ‘Master Plan 3’ is short on details about both cars and finances

Investor-day presentation largely focuses on sustainability efforts and efficiency, with no solid news about new or refreshed car models or financial projections

Tesla CEO Elon Musk, shown participating via video on Feb. 15 in the World Government Summit in Dubai, presented Tesla’s “Master Plan 3” with a focus on sustainable energy at the company’s investor day Wednesday in Austin, Texas.

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Tesla Inc. shares tanked more than 5% in the extended session Wednesday after the electric-vehicle maker teased a “next generation” electric-vehicle platform but stopped short of unveiling details.

At the end of a four-hour investor day, Chief Executive Elon Musk sidestepped a question that sought details about the new vehicles’ performance and looks; the prototype timeline; and whether Tesla would start making them at an existing factory before moving production to its future Mexico factory, as it intends to do.


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