Tesla ‘Battery Day’ Spotlights Elon Musk Plan for $25,000 Electric Car

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Tesla Inc. Chief Executive Elon Musk promised Tuesday a $25,000 vehicle built around advances in cell manufacturing and chemistry that will allow the company to halve battery costs and erase the cost advantage of gas-powered cars.

“One of the things that troubles me the most is that we don’t yet have a truly affordable car, and that is something that we will make in the future,” Mr. Musk said at a long-planned technology event. “But in order to do that, we’ve got to get the cost of batteries down.”

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