Home Tesla stock price largely based on 'hype' and 'pixie dust,' venture capitalist says
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Tesla stock price largely based on 'hype' and 'pixie dust,' venture capitalist says

One veteran venture capitalize takes Tesla CEO Elon Musk to task with the company’s development of a $300 million vehicle.

The $300 million vehicle, which Musk and his management team have announced for the first time this year, will be unveiled on March 14 in Chicago, the first of his three annual Tesla Tesla Day.

According to Bloomberg reporting, the car will run on a four-wheel electric vehicle with Tesla’s vehicle-oriented model, Tesla’s TZ1, and an eight-speed manual.

The Tesla vehicle will come with a four-wheel drive for its four occupants, and with a rear-wheel drive for its head and rear-wheel-drive.

However, more details on a Tesla car will also be revealed this year. This year, Musk says that he is aiming for a three-axis steering wheel that will be able to balance the car’s performance and weight.

The $300 million car is expected to be the first car to have an adaptive suspension, the second car to have a traction control system, and the third car to run on a custom-designed wheelset.

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