Tesla's value plummets by $50BN as Elon Musk admits his promised cheaper battery is three YEARS away - despite announcing plans for $25,000 fully autonomous vehicle | WHAT REALLY HAPPENED

Tesla's value plummets by $50BN as Elon Musk admits his promised cheaper battery is three YEARS away - despite announcing plans for $25,000 fully autonomous vehicle

Investors slashed $50 billion from Tesla's market value on Tuesday despite Elon Musk's promise to cut electric costs so radically that a $25,000 self-driving electric car will be possible - but not for at least three years.

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