Elon Musk denies report that Tesla's $25,000 car is dead

Musk Says Reuters ‘Lying’ After It Reports Tesla Scrapped Low-Cost EV Project

Tesla CEO and billionaire investor Elon Musk has denied reports published by Reuters that the electric car company has scrapped plans to develop new low-cost models. Reuters first reported on Friday, citing three unnamed officials “familiar with the matter” and alleged company messages, that Tesla had abandoned a multi-year goal to bring a line of entry-level vehicles to the market, known as the Tesla Model 2. Costs for this new line of Tesla ca…

Is Tesla Even a Car Company, Anymore?

We may never get a super affordable Tesla.The electric-car maker has canceled its longstanding plan to build a $25,000 vehicle, usually called the Model 2, Reuters reported on Friday, killing a product that was — until today — thought to be central to the company’s growth. Heatmap was unable to independently confirm Reuters’ reporting. Tesla does not have a traditional communications office, and an email to a generic press address went unanswere…

Tesla casts doubt on the quest for a Model T of EVs

By Joseph White DETROIT (Reuters) – Henry Ford democratized car ownership with his ultra-cheap, mass-produced Model T, and Elon Musk once promised to do the same for electric cars with a Tesla that could sell for $25,000. Now, sources have told Reuters Musk is putting aside the idea of bargain-priced Tesla for the masses in favor of self-driving robo-taxis. Musk replied via a post on his X.com platform that “Reuters is lying (again).” He did…

Elon Musk says Reuters 'lying' in reporting Tesla scrapped plan for low-cost car

Tesla CEO Elon Musk accused Reuters of "lying" on Friday after the media outlet reported the electric vehicle giant has abandoned its long-planned low-cost vehicle model.

Musk accuses Reuters of ‘lying’ about Tesla plans

A report about Tesla’s reversal on plans to produce a cheaper electric vehicle is wrong, its chief executive has said

Musk steps in to stem Tesla’s stock bleeding on report that it’s shuttering a long-planned $25,000 EV

Tesla is down only $19 billion or so, the day after a Reuters report wiped out $32 billion in value.