Find out more at btsub.sg/promo
You are here
Tesla's Musk says Model 3 could generate US$20b in revenue per year
[RENO] Tesla Motors Inc Chief Executive Elon Musk said on Tuesday that the company's Model 3 could generate US$20 billion in revenue per year and an annual gross profit of about US$5 billion.
A "modest capital raise" could be needed to fund Tesla's strategic plans and new products in the plan could cost "tens of billions" over time, Mr Musk said at a press conference at the official unveiling of Tesla's battery "gigafactory" near Reno, Nevada.