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Tesla reportedly abandons plans to build $25,000 electric car

Tesla has abandoned plans to produce a low-cost electric car that would cost about $25,000, even though the vehicle was a key product to the company’s overall growth, Reuters reported.

Instead, the company will focus its efforts on planned robotaxis built on the same small electric car platform that should also power low-cost vehicles.

Tesla CEO Elon Musk claims Reuters is ‘lying’ without evidence postal on his social media platform X and did not dispute any specific details.He also responded with an eye emoji. another post This actually sums up the Reuters report in different terms.

According to reports, Tesla’s next-generation electric car has a target price of about $25,000. But Musk is hesitant to prioritize production of regular cars or cars without steering wheels or pedals, even though a fully self-driving car has yet to be produced.

This story is developing…

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