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CEO Elon Musk outlined Tesla Inc.

's plans to cut electric vehicle battery design and manufacturing costs so radically that a $25,000 car that drives itself will be possible, but the automaker's shares slipped as Musk forecast the change could take three years.

Musk acknowledged that Tesla does not have its ambitious new vehicle and battery designs and manufacturing processes fully complete.

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Tesla Takes Aim At A Segment Of The Market That Is NOT Prepared To Handle The Attack

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