products cost-competitive: While we have made great progress, our products are still too expensive for most people, he wrote, according to Market Watch. Tesla has only been producing cars for about a decade and we're up against massive, entrenched competitors. Tesla Chief Executive Elon Musk said Tesla TSLA, -1.11% faces a tough challenge of making our cars, batteries and solar products cost-competitive with fossil fuels, and that the company's products are still too expensive for most people, according to the update on the company's blog that was emailed to all employees. The net effect is that Tesla must work much harder than other manufacturers to survive while building affordable, sustainable products. Even after all the recent tax law changes, the federal income tax credit for qualifying new plug-in electric vehicles is still on the books. There's some good news for owners, if not investors.
(news.financializer.com). As
reported in the news.
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