Afrigather Earlier at the moment, Reuters got here out with a report claiming that Tesla cancelled its “low-cost automobile” plans; this $25,000 or thereabouts EV has lengthy been known as the Mannequin 2. This data got here from three separate sources, which claimed that, as a substitute of constructing its least expensive EV but, Tesla would concentrate on self-driving taxis. There’s, nevertheless, a fairly important plot twist coming.
The taxis are being developed on the identical platform that the Mannequin 2 would have used, which implies this doesn’t make loads of sense. If the platform remains to be being developed (for the taxis), why not use it for the Mannequin 2 as nicely? The price of improvement is already spent.
Whereas Tesla itself didn’t reply to Reuters’ requests for remark, Elon Musk stated “Reuters is mendacity (once more)” in a submit on X.
Musk instructed Tesla traders again in January that the inexpensive mannequin (that he isn’t, however we’re calling it Mannequin 2) can be commencing manufacturing on the Gigafactory in Texas within the second half of subsequent 12 months.
Tesla shares fell 6% following the preliminary report however recovered a few of the loss after Musk’s submit. Lots of people betting on that dip (and a robust response in opposition to the report from Musk) made some huge cash at the moment, and it wouldn’t shock us if the three sources for the aforementioned report have been amongst them.
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