Meeting European Tesla
owners, CEO Elon Musk used an
Amsterdam appearance to announce the company’s intention of building an
all-wheel drive Model S. He also unveiled plans for
higher-capacity batteries, extending Model S ranges and earmarked for use on
future models, like the upcoming Model X SUV. Tesla says that its “giga
factory” could lower battery costs by 40 percent, improving the
company’s ability to produce a mass-market, 200-mile range $30,000 car.