What's happened
Tesla has abandoned its long-promised affordable Model 2 electric car, opting to focus on developing self-driving robotaxis instead. The decision marks a significant shift from Tesla's mission of providing affordable electric cars for the masses.
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What the papers say
According to Reuters, Tesla has canceled plans for the Model 2 and will focus on robotaxis. However, Tesla CEO Elon Musk denied the report, emphasizing the company's commitment to unveiling its robotaxi developments. The decision to prioritize robotaxis over a low-cost EV has sparked debate among analysts, with some questioning the strategic shift.
How we got here
Tesla's original mission, outlined by CEO Elon Musk in 2006, aimed to produce affordable electric vehicles for the mass market. The cancellation of the Model 2 represents a departure from this goal, signaling a strategic pivot towards autonomous driving technology and the potential for a future fleet of self-driving vehicles.
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Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. The company specializes in electric vehicle manufacturing, battery energy storage from home to grid scale and, through its acquisition of SolarCity, solar
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Elon Reeve Musk FRS is an engineer, industrial designer, technology entrepreneur and philanthropist. He is the founder, CEO, CTO and chief designer of SpaceX; early investor, CEO and product architect of Tesla, Inc.; founder of The Boring Company; co-foun