this post was submitted on 05 Nov 2024
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Nov 5 (Reuters) - When Reuters reported in April that Tesla had scrapped plans for a long-promised, next-generation $25,000 electric vehicle, the automaker’s stock plunged. Chief Executive Elon Musk rushed to respond on X, his social-media network.

“Reuters is lying,” he posted without elaborating. Tesla’s stock recovered some of its losses.

Six months later, Musk appears to have backed into an admission that Tesla dropped its plans for a human-driven $25,000 car. He said in an Oct. 23 earnings call that building the affordable EV would be "pointless” unless the car was fully autonomous.

His latest remarks came in response to an investor asking: “When can we expect Tesla to give us the $25,000 non-robotaxi regular car model?”

Musk responded: “We’re not making a non-robo…,” before he was interrupted by another Tesla executive. Musk later added: “Basically, I think having a regular $25K model is pointless. It would be silly.”

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[–] theshatterstone54@feddit.uk 8 points 10 hours ago

Right, so that was his plan all along?

Keep on promising a full self driving experience, which even now won't really happen,

and then promising an affordable Tesla,

which he can then backtrack on?

Overpromise and underdeliver.

That's the Musk motto.

Can't wait to see him fail to bring humanity to Mars, and end up trying to credit himself when NASA do it.

[–] skozzii@lemmy.ca 10 points 12 hours ago

Tesla stock is by far the most overvalued stock in the world, and its not even close.

The only thing close to it is the worthless djt stock that dictators use to funnel money to fund the poisoning of our democracy.

[–] HiddenLayer555@lemmy.ml 20 points 14 hours ago* (last edited 14 hours ago) (1 children)

"Bro full self driving is 5 years away bro trust me bro"

[–] TassieTosser@aussie.zone 5 points 14 hours ago

$10,000 beta test

[–] TheFeatureCreature@lemmy.world 31 points 18 hours ago (1 children)

Reminder to never believe a damn word that comes out of this man's mouth. https://motherfrunker.ca/fsd/

[–] geneva_convenience@lemmy.ml 6 points 18 hours ago (1 children)
[–] Elonkilledmymom@lemmy.ml 2 points 13 hours ago

It gets boring saying the same thing over and over year after year

[–] Breve@pawb.social 33 points 19 hours ago (2 children)

Just going to leave this here with proof that Elmo said cars would be fully driving themselves by 2018: https://www.consumerreports.org/cars/autonomous-driving/timeline-of-tesla-self-driving-aspirations-a9686689375/

[–] FlexibleToast@lemmy.world 13 points 18 hours ago (2 children)

He rolls out the same BS every time the stock needs to be pumped up. The good thing is, it didn't work this time. This unveil actually made the stock drop because they're so far behind.

[–] SkaveRat@discuss.tchncs.de 1 points 9 hours ago* (last edited 9 hours ago) (1 children)

while it took a short hit, it was back up higher again shortly after sadly

[–] FlexibleToast@lemmy.world 1 points 9 hours ago

That followed an announcement for their battery business if I'm not mistaken. Which isn't what Musk was trying to pump.

[–] nickapos@twit.social 0 points 18 hours ago (1 children)
[–] FlexibleToast@lemmy.world 5 points 17 hours ago

I think that was a big reason why the stock took a hit. He keeps getting caught faking it, and even his fakes are decades behind Boston Dynamics.

[–] scrubbles@poptalk.scrubbles.tech 4 points 17 hours ago

Just another 2 years bro we're so close we're almost there it's in beta bro trust me it's almost there

[–] psmgx@lemmy.world 45 points 21 hours ago (2 children)

Translated: the Chinese won that battle, and TSLA doesn't have enough R&D to chase self-driving and cheap, esp. given how unimpressive their self driving is compared to competitors

[–] UltraGiGaGigantic@lemmy.ml 11 points 19 hours ago

Just lobby to ban/tariff the competition. EZ

[–] Gingerlegs@lemmy.world 37 points 21 hours ago

Ah, all electric but still gaslighting I see

[–] Anticorp@lemmy.world 2 points 12 hours ago

Musk says a lot of stupid things.

[–] humanspiral@lemmy.ca 1 points 11 hours ago

It's a weird design for a robotaxi specific car. I guess it can be cheap as a 2 seater. But other manufacturers are investing in the robotics needed for low cost cars. The aero dynamics aren't typically helpful for taxis. I understand he will try to milk existing models until FSD instead of innovating on them.

[–] smb@lemmy.ml 21 points 21 hours ago

i'ld like this summary the most:

Musk now says it's 'pointless' to build a Tesla

😁

[–] rolling_resistance@lemmy.world 17 points 20 hours ago

Very tired of reading what Musk says.

[–] n3m37h@sh.itjust.works 9 points 20 hours ago

Musk, it's pointless listening to your bullshit, now SHUT THE FUCK UP!