Tesla’s plans to build a lower-cost electric vehicle (EV) with a rumored price of $25,000 have reportedly been abandoned, according to Reuters. This shift comes despite the lower-cost EV’s expected role in driving the company’s overall growth.
Instead, the company will focus on a robotaxi project, using the same small EV platform that was originally intended for the lower-cost model. Tesla CEO Elon Musk took to his social media platform, X, to dismiss the Reuters report, claiming they were “lying” without providing any evidence. He also responded with an eyes emoji to another post that essentially summarized the report in different words.
The company had been aiming for a price point of $25,000 for its next-generation EV. However, Musk has been indecisive on whether to prioritize a traditional car or one that is completely autonomous, even though Tesla has yet to produce a fully self-driving vehicle.
This story is still developing…
Tesla’s plans to build a lower-cost electric vehicle (EV) with a rumored price of $25,000 have reportedly been abandoned, according to Reuters. This shift comes despite the lower-cost EV’s expected role in driving the company’s overall growth.
Instead, the company will focus on a robotaxi project, using the same small EV platform that was originally intended for the lower-cost model. Tesla CEO Elon Musk took to his social media platform, X, to dismiss the Reuters report, claiming they were “lying” without providing any evidence. He also responded with an eyes emoji to another post that essentially summarized the report in different words.
The company had been aiming for a price point of $25,000 for its next-generation EV. However, Musk has been indecisive on whether to prioritize a traditional car or one that is completely autonomous, even though Tesla has yet to produce a fully self-driving vehicle.
This story is still developing…
