Elon Musk tells Detroit: Tesla exists because you wouldn’t build good EVs

To an audience full of auto-industry executives in Detroit, Tesla Motors co-founder and CEO Elon Musk made a few bold statements on Tuesday: Tesla is growing, will turn a profit eventually, and was doing so in large part because the rest of the industry didn’t want to build electric cars — at least ones that people would buy. Musk was both encouraging and a bit needling toward the industry establishment — urging a far wider production of electric vehicles, while saying Tesla had profited only because regular automakers chose not to build good electric cars first. Musk thinks Tesla will probably become profitable in 2020 — this is the time Musk says he is “absolutely certain” his company can reduce the cost of its batteries by 30 per cent. The Model 3 should also be available around this time.

All cars will go electric.

Elon Musk, Tesla Motors CEO

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