Enlarge / Elon Musk in front of a Tesla in China in 2015. (Photo by VCG/VCG via Getty Images) (credit: Getty Images)
In a shareholder meeting on Tuesday evening, Tesla CEO Elon Musk addressed a few questions from investors as his company gets ready to move into production on the Model 3, the lower-priced electric vehicle that’s intended to become the company’s bread and butter. As always, Tesla has several big initiatives underway at the same time: it recently announced its solar roof, it’s working to hit ambitious goals on Model S and Model X deliveries, and Musk recently hinted that an all-electric semi truck would be announced this coming September.
The CEO started off addressing the new solar roof. Musk reiterated what he tweeted to Ars Technica Senior Editor Lee Hutchinson in May, that a solar roof may not work for every customer, as the overall price of the product is contingent on the region where you live and the cost of electricity there.
“It depends on what property taxes are, what the cost of financing is, and what the cost of power from the utility is,” Musk said. He added that “there is still a very important role” for traditional solar panels, like if you have a flat roof that’s not visible from the street, or if you have a newer roof.
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