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.

  • @Grimy
    1•4 hours ago

    It’s better to keep private companies in charge of environmental regulations and worker protection, they will self-regulate.

    God knows they won’t mouth fuck us the moment they have a monopoly at least.

    • @[email protected]
      1•1 hour ago

      Where is that the case? Dumping toxic shit into the water/air and using slave labor is one of the reasons why they can sell their cars so cheaply. This person is trying to claim it’s due to rationalization alone.