When Reuters reported in April that Tesla had scrapped plans for a long-promised, next-generation $25,000 electric vehicle, the automaker’s stock plunged. Chief Executive Elon Musk rushed to respond on X, his social-media network.

“Reuters is lying,” he posted, without elaborating. Tesla’s stock recovered some of its losses.

Six months later, Musk appears to have backed into an admission that Tesla dropped its plans for a human-driven $25,000 car. He said in an Oct. 23 earnings call that building the affordable EV would be "pointless” unless the car was fully autonomous.

  • magnetosphere@fedia.io
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    8 hours ago

    Musk is a fascist bigot. I wouldn’t drive a Tesla if it was given to me for free. Just walking up to it and seeing that T would piss me off. In a way, I’m glad he refuses to build a cheap EV.

    • Cocodapuf@lemmy.world
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      4 hours ago

      Oh, Musk is way too powerful and totally nuts, he’s gone off the deep end. Also he’s gone full asshole, there’s hardly anything redeemable about him these days.

      That said, I’d drive any car that was given to me for free, and I won’t pretend otherwise.

      Also, despite Musk, Tesla has done amazing things for the auto industry, I’m extremely pleased to see this shift to EVs across the board.

      • magnetosphere@fedia.io
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        2 hours ago

        Oh, I’d take a free car; but instead of driving it I’d turn around and sell it immediately. Then I’d buy something that wasn’t a badge of shame.

    • leftytighty@slrpnk.net
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      6 hours ago

      it’s easier to raise tariffs so that efficiently produced foreign electric cars are just as expensive. God bless America