According to Reuters, Tesla has decided to abandon its plans to produce an affordable electric vehicle (EV). CEO Elon Musk had previously expressed confidence that the low-cost EV would be available by the second half of 2025. However, the company has now shifted its focus to robotaxis, which Musk believes represent the future of transportation.
The project for the entry-level EV, often referred to as “Model 2” and internally known as “Redwood,” has been canceled. Tesla had anticipated a weekly production of 10,000 vehicles for this model, with Musk emphasizing the company’s commitment to making it a reality. He had also mentioned Tesla’s plans to introduce two new EV models with an annual sales target of up to five million units.
For nearly twenty years, Musk has outlined his strategy of using luxury vehicles to establish Tesla’s brand and generate profits to support the development of more affordable models. The company’s decision to prioritize robotaxis over the budget EV project reflects its long-term vision for the future of transportation.
2024-04-05 14:08:34
Link from www.engadget.com
