Tesla dumps affordable car plan amid Chinese competition, Musk reveals Robotaxi unveil date

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The Model 2, with a rumored base price of $25,000, was highly anticipated by investors and consumers eager for cheaper electric options.

Tesla, the world-renowned electric vehicle maker led by Elon Musk, has abruptly canceled long-held plans to deliver an affordable mass-market car. Sources and internal company communications seen byreveal that the company is shifting focus towards developing self-driving robotaxis instead.

The decision to abandon the affordable car is a major gamble for Tesla. It suggests the company is willing to sacrifice its mass-market ambitions in the near term in favor of potentially groundbreaking advancements in autonomous vehicles. Time will tell if the bet pays off.4.8 magnitude earthquake hits New York region, strongest since 2011

 

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