: A Tesla founder and former chief executive said on Tuesday it was a “shame” to hear that the automaker was scrapping its low-cost car plans amid fierce competition in China.
The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first “master plan” for the company in 2006 called for manufacturing luxury models first, then using the profit to finance a “low cost family car”.