From Investing.com: 2024-04-07 20:28:16

Analysts at HSBC raised concerns over Tesla’s future growth as the potential cancellation of the low-cost model brings uncertainty. Reuters reported that Tesla shifted focus towards self-driving and robotaxis, while CEO Elon Musk denied the report. The canceled model was expected to drive 18% volume growth in 2026, leading to questions about the decision. Tesla’s focus on self-driving comes after a decline in deliveries and challenges with FSD efforts. Despite promises, the EV maker is yet to produce an autonomous vehicle.



Read more at Investing.com: Next-gen volumes in question if low-cost model scrapped, HSBC says By Investing.com