Tesla allegedly cancels plan for $25,000 electric vehicle production

Tesla is reportedly abandoning its plan to build a lower-cost EV thought to cost around $25,000, according to Reuters, despite that vehicle’s status as a pivotal product for the company’s overall growth. The company will instead focus its efforts on a planned robotaxi that is being built on the same small EV platform that was also supposed to power the lower-cost vehicle. Tesla CEO Elon Musk claimed, without proof, that Reuters is “lying” in a post on his social media platform, X, and did not dispute any specific details. He also responded with an eyes emoji to another post that effectively summed up the Reuters report in different words. Tesla was reportedly targeting a price of around $25,000 for the next-generation EV.

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…

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Dylan Williams

Dylan Williams is a multimedia storyteller with a background in video production and graphic design. He has a knack for finding and sharing unique and visually striking stories from around the world.

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