Technology

34795 readers

694 users here now

This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.

Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.

Rules:

1: All Lemmy rules apply

2: Do not post low effort posts

3: NEVER post naziped*gore stuff

4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.

5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)

6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist

7: crypto related posts, unless essential, are disallowed

founded 5 years ago

MODERATORS

[email protected]

109

Musk now says it's 'pointless' to build a $25,000 Tesla for human drivers (www.reuters.com)

submitted 1 day ago by [email protected] to c/[email protected]

29 comments fedilink hide all child comments

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.”

you are viewing a single comment's thread
view the rest of the comments

[–] FlexibleToast 14 points 1 day 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.

[–] [email protected] 2 points 1 day ago* (last edited 1 day ago) (1 children)

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

[–] FlexibleToast 1 points 1 day ago

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

[–] [email protected] 1 points 1 day ago (1 children)

@FlexibleToast @Breve now he is promising humanoid robots

[–] FlexibleToast 7 points 1 day ago (1 children)

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.

[–] [email protected] 1 points 1 day ago

@FlexibleToast yeah also I think people started realising that he does really know what he is talking about and he is just scamming people. Tesla autopilot not working as promised and all the accidents have played a part in this.