3 ms·
It is exactly like the article states: 'Tesla dropped its plans for a human-driven $25,000 car. [Musk] said in an Oct. 23 earnings call that building the affor
by thesuperbigfrog 2y ago
It is exactly like the article states:
'Tesla dropped its plans for a human-driven $25,000 car. [Musk] said in an Oct. 23 earnings call that building the affordable EV would be "pointless" unless the car was fully autonomous.'
'His latest remarks came in response to an investor asking: "When can we expect Tesla to give us the $25,000 non-robotaxi regular car model?" Musk responded: "We're not making a non-robo," before he was interrupted by another Tesla executive. Musk later added: "Basically, I think having a regular $25K model is pointless. It would be silly."'
Tesla is choosing to not compete in the human-driven $25K EV market. If they choose not to compete in that price point, other car makers will fill the market at that price point.
Tesla will continue to compete at higher price points, so they are not closing any factories, but it will be interesting to see what EVs dominate the low-cost market.