Tesla will abandon the release of a long-promised low-cost electric car, which investors were counting on to expand the company's presence in the mass car market. Reuters writes about this with a link to sources.
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” Elon's order “to fully focus on robotox,” said the agency’s interlocutor, who was present when the decision was announced to employees.
Investors and consumers have been waiting for an inexpensive Tesla model for almost 20 years—according to the company’s master plan, which Musk published in 2006, it was said that profits from luxury models would be used to finance an inexpensive family car. The cheapest Tesla model available costs $39,000. It was expected that the long-awaited new product would cost about 25 thousand dollars.
It is noted that a sharp reversal occurred when Tesla faced competition from Chinese manufacturers who filled the market with electric cars priced at only 10 thousand dollars. Creating a robotaxi, which Tesla has decided to focus on, will become a more complex and risky task.
Tesla is also reported to have several lawsuits ahead in the United States related to fatal accidents involving its cars with the Autopilot function. The company managed to win the first lawsuit – the jury found that the accident was the fault of the drivers.