© Reuters. A Tesla car is driven past a store of the electric vehicle maker in Beijing, China January 4, 2024. REUTERS/Florence Lo/File Photo) Inc founder and former chief executive, Martin Eberhard, said on Tuesday it was a"shame" to hear that the company was scrapping its low-cost car plans amid fierce competition in China.
Eberhard was speaking at the HSBC Global Investment Summit in Hong Kong. Reuters reported on Friday that Tesla was cancelling its long-promised inexpensive car that investors had been counting on to drive its growth.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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