Hey tech enthusiasts! 🚗 Big buzz at Tesla as senior executives raised concerns over Elon Musk’s recent tweet. On April 5, 2024, Musk shot back at a Reuters report—claiming "Reuters is lying"—just minutes after the story hit. The report suggested that Tesla had scrapped plans for an all-new $25K electric vehicle, often dubbed the Model 2 by insiders.
Investors were excited about the potential of this low-cost EV to create explosive sales. However, insiders revealed that the project was already sidelined in favor of a pivot toward self-driving robotaxis. Some top executives even asked Musk if he might reconsider, but he quickly shut down any doubts by confirming the project was indeed dead.
Meanwhile, the EV battle is heating up! Chinese automaker BYD is making waves as its entry-level Seagull has outsold Tesla in Europe, highlighting the growing demand for affordable electric vehicles. This development comes at a time when Tesla is grappling with an aging product lineup and fluctuating global sales.
For our young, tech-savvy readers in South and Southeast Asia, this drama is a vivid reminder that in today’s fast-paced world, innovation and strategic pivots are key to staying ahead. Stay tuned for more updates as the EV revolution accelerates! ✨
Reference(s):
Tesla executives questioned Musk over $25K EV denial, sources say
cgtn.com
