Tesla CEO Elon Musk blasted a report on Friday that his electric vehicle company has abandoned efforts to manufacture its “low cost family car” and instead shifted focus on developing its self-driving taxi.
Tesla’s reported axing of the inexpensive car could put a damper on investors’ plans to see the company become a mass-market automaker.
Since 2006, Musk has envisioned creating an affordable car for the masses, but he first would sell luxury vehicles and use the profits to finance the more affordable cars.
Musk had a terse response to the report, posting on his X platform, “Reuters is lying (again).”
Two sources told Reuters the decision to end development for the Model 2 was revealed during a meeting in late February, with the company now shifting focus to the robotaxi. A March 1 company message
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