SPARKS, Nevada Tesla Motors Inc's (TSLA.O) "master plan" to broaden the electric vehicle maker's product line could cost "tens of billions" of dollars over time and would likely require a "modest capital raise", Chief Executive Elon Musk said on Tuesday.
Speaking at a formal unveiling of Tesla's $5 billion battery "gigafactory" outside Reno, Nevada, Musk said the new plant being jointly developed with Japan's Panasonic Corp (6752.T) could ultimately support 1.5 million electric vehicles a year.
02:27 Trump’s Tax Plan Is a Reckoning for Republican Deficit Hawks14
23:59 Shares in Takata suspended after reported bankruptcy filing plan18
18:36 Ajit Pai announces plan to eliminate Title II net neutrality rules18
05:16 How does the ’action plan’ compare with the first 100 day reality for Donald Trump?16