HONG KONG -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".
Three sources told Reuters that while Tesla had scrapped plans for its inexpensive car, it would continue to develop self-driving robotaxis on the same small-vehicle platform.6 Hybrid Vehicles To Stay Away From Buying A United flight had to divert because a dog pooped in the aisle, and staff spent 2 hours cleaning it up
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SaltWire Network - 🏆 45. / 63 Read more »