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Elon Musk at Tesla’s Investor Day Image: Tesla

Elon Musk isn’t ready to pull back the curtain quite yet.

During the Q&A portion of Tesla’s Investor Day event in Austin, Texas, last night, Musk was repeatedly asked about the company’s next-generation low-cost electric vehicles. For years, Musk has been promising smaller, cheaper vehicles made possible by a more efficient, less expensive manufacturing process. But the closest we got were images of two vehicles covered in white sheets, one shaped like a small car and the other seemingly like a van.

Investors begged Musk for more details. A name! Some specs! A timeline! More importantly, a price! But Musk dodged each question like it was a liability lawsuit. “We will have a proper product event, but we’ll be jumping the gun if we’re to...

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