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Tesla's Smart New Product Plans

Tesla CEO Elon Musk has given more details about the company's upcoming products. A Fool.com contributor explains why the company's plan makes great sense.

By John Rosevear – Jun 4, 2013 at 12:59PM EST

Unlike most automakers, Tesla Motors (TSLA +0.28%) has never tried to keep its plans for future products secret. Late last week, CEO Elon Musk said that he has two new products planned after the upcoming Model X SUV -- both of which will have more affordable price tags.

In this video, Motley Fool contributor John Rosevear takes a closer look at Tesla's product plans, and explains what the company is likely thinking -- and how its plans should help maintain strong profits even as it increases its production volumes.

Read Next

About the Author

John Rosevear
John Rosevear is a senior contributing Motley Fool auto analyst covering automakers and trends shaping the global auto industry. John’s tenure with the company spans 15 years covering auto stocks, mutual funds, and retirement investing. He is a former CNBC reporter who covered the future of autos, including electric vehicles and self-driving cars. Prior to The Motley Fool, he worked at Fidelity Investments in communications and investor education roles. He holds a bachelor’s degree in government from Cornell University. He once spent an entire day sitting on the floor of Peter Lynch’s office – with Lynch present.
TMFMarlowe

Stocks Mentioned

Tesla Stock Quote
Tesla
NASDAQ: TSLA
$387.59
(+0.30%)+$1.17
Bayerische Motoren Werke Aktiengesellschaft Stock Quote
Bayerische Motoren Werke Aktiengesellschaft
OTC: BAMXF
$96.06
(+0.77%)+$0.73

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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