Elon Musk announces that Tesla has designed an underwater car

in #stockmarket5 years ago

The controversial CEO of Tesla says that the vehicle is like the movie 'The Spy Who Loved Me'

At the shareholders' meeting that took place on Tuesday, Tesla CEO Elon Musk said his company has designed an underwater car like the 1977 James Bond movie. Musk did this announcement after a shareholder asked him if Tesla would ever do a "water car".

Musk said the underwater car would be "a small distraction" for the company and noted that "maybe we'll do it as an exhibition car".

Tesla is in the midst of a series of costly projects that include the establishment of a new battery and car plant in Shanghai, and the establishment of new lines to begin the production of its crossover SUV, the Model Y, in Fremont, California. The question about the "water car" culminated on Tuesday a question and answer session with executives of Tesla and individual shareholders.

During the questions and answers and the presentation to the investors, Musk assured the shareholders that Tesla does not have a "demand problem", talked about how difficult it is for a fast-growing company to be profitable, and explained Tesla's plans for a van, a semi-trailer and vehicles without a driver.

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