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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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.
while it took a short hit, it was back up higher again shortly after sadly
That followed an announcement for their battery business if I’m not mistaken. Which isn’t what Musk was trying to pump.
@FlexibleToast @Breve now he is promising humanoid robots
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.
Just another 2 years bro we’re so close we’re almost there it’s in beta bro trust me it’s almost there