$25k Tesla Model 2 Is Dead Claims Report, Musk Says They’re Lying

According to unnamed sources and internal documents seen by Reuters, Tesla 's $25,000 EV is dead. However, Musk denied the report, saying Reuters is lying, but has yet to point to specific errors. The Tesla CEO has decreed that the company should go all in on the robotaxi that was expected to be based on the same platform. Tesla has reportedly decided to end development of its affordable electric car for the mass market.

However, an internal email seen by Reuters tells a different story. In the email, a manager instructed employees working on the project that suppliers should halt all further activities related to the vehicle. The manager also urged employees to document their progress to ensure that their efforts do not go to waste. After the report was published, Tesla shares dropped approximately 3 percent.

Source: Entertainment Trends (entertainmenttrends.net)

Electric Vehicles Production Reports Tesla Tesla Model 2

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla Model 2 set for production later this year as sub-£25k EVEV will use new production process and next-gen battery tech; brand claims 700 million in sales for car's lifetime
Source: autocar - 🏆 93. / 67 Read more »

Tesla Model 2 set for production later this year as sub-£25k EVEV will use new production process and next-gen battery tech; brand claims 700 million in sales for car's lifetime
Source: autocar - 🏆 93. / 67 Read more »

Rivian R2 vs Tesla Model Y: Can the R2 challenge the Model Y’s dominance?The Tesla Model Y is currently the bestselling car -- but can the upcoming Rivian R2 challenge its dominance? We put the two head-to-head to find out.
Source: DigitalTrends - 🏆 95. / 65 Read more »

Elon Musk’s Tesla Shows Cracks in Its EV Business ModelSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Elon Musk Says Tesla Model 2 Will Be Built In Germany, Semi Could Be TooThe company's boss visited the German factory a week after an arson attack cut power to it
Source: Carscoop - 🏆 306. / 63 Read more »

The next Tesla: your full guide to Musk's new Model 2 electric carCAR magazine UK reveals details and information about the new, smaller and cheaper Tesla Model 2 electric car
Source: CARmagazine - 🏆 382. / 55 Read more »