Posted 4/5/2024, 3:46:55 PM
Tesla Stock Swings on Conflicting Reports About Future Affordable Model
- Tesla stock swung wildly amid report it canceled long-awaited affordable Model 2 car
- Sources told Reuters Tesla dropping Model 2 plans to instead focus on self-driving robotaxis
- Elon Musk denied report, has promised a $25K-$30K EV to make Teslas affordable for mass market
- Bullish Tesla ratings underpinned by promise of new affordable model for mass market
- Pricing competition in China's EV market cutting into margins for players like Nio and XPeng