Elon Musk, the CEO of Tesla and businessman buyer, has refuted reports Reuters that the electric car manufacturer has abandoned plans to create new low-cost models.
Three unidentified officials who were “familiar with the subject” and allegedly corporate messages were cited by Reuters ‘ second report on Friday that Tesla had abandoned its multi-year plan to introduce a series of entry-level vehicles, the Tesla Model 2, to the market.
Initially, Tesla’s new range of cars would have cost about$ 25, 000. Tesla’s present cheapest offering, the Model 3 sedan, now goes for about$ 39, 000. According to Reuters, Tesla decided to ditch its Model 2 programs and rather chose to concentrate on creating self-driving robots.
Trending
- ‘They’re ripping us off & they understood it’: Key takeaways from Trump’s tariff speech
- Trump’s reciprocal tariffs: Which countries take the hardest hit and which escape?
- Why is ‘talented guy’ Elon Musk stepping down as DOGE chief
- Trump reciprocal tariffs: Biggest countries targeted in sprawling ‘Liberation Day’ move
- Global markets slide after Trump slaps huge reciprocal tariffs on ‘Liberation Day’
- Trump imposes 10% tariff on nearly all countries, calls it ‘economic independence’
- PM Modi, Muhammad Yunus may meet in Thailand, says Dhaka
- In Nepal’s classrooms, youngsters wonder if republic has delivered