How far Away is Tesla Motors Inc (TSLA)’s $30,000 Car?

While Tesla Motors Inc (NASDAQ:TSLA)‘s CEO Elon Musk heads into the announcement of a over-the-air software update today, that will potentially end the anxiety that the electric car’s customers have with regards to potentially getting stranded if their battery runs out of juice, there is another issue that is plaguing Tesla. It is the infrastructure of tax credits that Tesla has benefited from greatly in the past, but which is slowly going away according to Musk. These credits formed 37% of Tesla’s gross profit in the third quarter, and only 33% in the fourth.

“The revenue generation system is shrinking and that means that he needs to sell more cars, and my sense is that is one of the reasons for the announcement tomorrow, to make it more appealing to people to buy a Tesla Motors Inc (NASDAQ:TSLA) car, or the next generation Tesla car. We hear about what is coming in the future will cost about $30,000 instead of $70,000 and that is the real step as then it is start to approach the mass market […],” said Crabtree.

“I hope they do. I was the one waiting for the $50,000 car, which turned out to be a $70,000 car, and I am on the verge of buying, so if the price gets lower than this, I am there,” said Crabtree.

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