Elon Musk presented a heady vision Wednesday to turbocharge Tesla’s growth at an investor day filled with ambitious targets but short on details sought by Wall Street.

Reviewing the company’s quickly expanding electric vehicle (EV) production, Musk and a team of executives promised more outsized growth through streamlined manufacturing processes, smart design and a relentless focus on costs.

“There is a clear path to a fully sustainable Earth with abundance,” Musk said early in the presentation, at which the company set annual production of 20 million vehicles as an eventual aspiration.

But shares fell throughout the event as Musk and his team avoided specifics on what the next generation of vehicles would look like, or when they might be ready.
Edited By-SPT