Instead, Musk is allegedly “all in on robotaxi,”

So instead of trying to compete with BYD, they are leaving that space open for Chinese domination, and instead they are trying to catch up to the Waymo-Uber-Lyft race where Tesla has not even tried to compete yet.

To me, it just seems that Musk just doesn't believe in market capitalism and competition. Or that he's exceptionally terrible at it.

So Tesla's entire strategy Elon was working was just abandoned.

Continues down the pathway that Tesla is just going to fade to irrelevance.

All their cars are 25000 dollar evs. They just sell them for 4 times that amount.

Musk is a moron and I hope he keeps getting exposed

They probably aren't stopping planning a model 2, it just ain't gonna cost $25k.

Probably couldn't figure out a way to make the '2' serve as a 'Z' in a 1337, sophomoric sex pun, so... that's the end of that project.

Musky can’t make a car that cheap. That’s why.

All those that claim this market belongs to China, Tesla already has production in China, and can use all the same benefits Chinese companies can. Including government subsidies.

China gonna dominate that price bracket and lower no need to enter a market you cant compete in

I wouldn't buy one. good job. elon destroying your brand name.

that's fine, they have the perfect alternative, the cybertruck. /s

I just want an inexpensive commuter that gets ~150 miles per charge. I live in a cold climate and I work about 25 miles away, so I need at least 75 miles range on the coldest days. I also want it to be cheaply repairable, so the battery pack needs to be inexpensive to replace.

Tesla isn't offering that, their battery packs are too hard to service and too expensive. So I'm going to keep driving my hybrid until someone makes something to replace it.

Those Chinese sodium-ion batteries look like the perfect solution. Inexpensive, enough range, and less fire risk. My company says they'll be putting in chargers, so I might be willing to go down a bit on range. If Elon wants my business (he probably doesn't), he needs to make a cheap commuter.

Dammit, the idea of a Tesla Hatchback could have been good. But no, they had to make that cyberjoke first...

This is the best summary I could come up with:

Tesla has abandoned plans to develop an affordable electric Model 2, according to a report in Reuters.

The news organization says it has reviewed company messages that say the affordable Model Y, which Tesla CEO Elon Musk claimed would sell for $25,000 or less, has been axed.

Then, this March, Musk told Tesla workers that the Model 2 would go into production at the company's factory in Berlin.

In light of this news, that statement certainly raises eyebrows—Reuters reports that one of its three unnamed sources told it that the decision to scrap the Model 2 was made in late February.

Instead, Musk is allegedly "all in on robotaxi," Tesla's plan to create an autonomous driving system that could allow its cars to compete with Uber or Lyft without a driver in the equation.

Earlier this week, Tesla posted its worst delivery results since 2020, with an 8.5 percent drop in deliveries year over year and yet another quarter of overproduction that has left the electric carmaker with nearly 150,000 vehicles produced but unsold.

The original article contains 302 words, the summary contains 174 words. Saved 42%. I'm a bot and I'm open source!

I guess he's finally lost it completely.

Lol

You can't beat China on price