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.

    • @SendMePhotos
      1•2 months ago

      Was looking at it but that’s like the $30k range, no? I can’t afford a 500/mo payment.

      • @ripcord
        0•2 months ago

        Get a couple year old one then.

        If you’re on a budget why would you be looking at brand new cars?

        • @SendMePhotos
          1•2 months ago

          China cars are like 3k-5k. I can afford that. Like even one of the China trucks is like 6k-7k or something. I don’t mind getting used, I just don’t want to spend 30k. Or really even above 10k.