Elon Musk’s Tesla master plan disappoints, no detail on new cars

Elon Musk’s much-hyped third Master Plan for Tesla Inc. fell flat with investors after failing to offer any firm detail on the company’s long-awaited next generation of electric cars.

The four-hour presentation was long on Musk’s vision to build the next phase of Tesla’s growth around a sustainable energy future by moving into products like heat pumps, but short on any detail of new vehicles — especially a cheaper EV like the $25,000 model flagged more than two years ago.