Tesla Is Getting Ready To Announce More Big News Today

Elon Musk at TED Talk Ted2013

Less than two days after announcing it is exceeding its previous guidance on auto sales and turning profitable for the quarter, Tesla Motors is preparing to release more big news.

The purpose of a conference call scheduled for 5 p.m. EST today is a secret, but according to CEO Elon Musk, it may be even more significant than Sunday’s news:

Sunday’s announcement also included the news that Tesla is cancelling production of the cheapest version of the Model S sedan, a step back from its longterm goal to offer “a full range of increasingly affordable electric cars.”

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