Posted 4/9/2024, 7:36:15 PM
Tesla Puts $25,000 Car on Backburner, Musk Remains Fixed on Unproven Robotaxis
- Tesla was reportedly developing a $25,000 EV to reach more buyers, but Musk scrapped it to focus on robotaxis
- An inexpensive EV would have expanded Tesla's addressable market and defended against Chinese rivals
- However, building a new production line would have been hugely complex like the Model 3 ramp-up
- Tesla still seems far from delivering fully self-driving cars needed for robotaxis
- Musk is fixated on robotaxis, but the board should push back to ensure Tesla doesn't lose its lead
