Elon Musk speaks at the opening of a new Tesla factory.
Elon Musk's Tesla has yet to unveil an affordable EV.
  • The world is waiting for cheap EVs, but Tesla isn't ready to deliver — yet.
  • Elon Musk's EV company held an Investor Day in Texas that had everything but cheap EVs.
  • The omission is a glaring one for a company grappling with rising competition and fluctuating demand.

Tesla fans have had a rollercoaster few months, so they can be forgiven for having wanted CEO Elon Musk to take a break from Twitter posting to update them on a long-anticipated, cheap EV model.

Instead, they got nothing much during an investor jamboree in Texas this week.