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Tesla's Elon Musk promises sub-$30k all-electric car in less than four years


Yes -- more breaking electric car news! Just after Tesla CEO Ze'ev Drori announced Telsa's plans to build the Model S, Elon Musk began discussing its development of electric car tech to get the price of future cars to (and below) $30,000. When asked when that technology would be commercially available, Musk said that it shouldn't be any more than four years from now. Granted, a $60,000 car is affordable but still quite steep for most buyers -- but a vehicle mass-produced at half the price is essentially mainstream, which could have a substantial impact on the automotive world.

[Image courtesy of Edmunds]

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