Tesla is focusing on robo-taxis instead of a $25,000 mass-market model, causing uncertainty.

From Investing.com: 2024-04-06 07:00:35

Elon Musk is abandoning the idea of a $25,000 Tesla for the masses in favor of self-driving robo-taxis, causing uncertainty for EV buyers and policymakers. Prices for new EVs still hover around $5,000 higher than the average new vehicle price. Chinese automakers are offering low-cost EVs, posing a threat to Tesla and established automakers. Ford is working on a low-cost EV architecture to remain competitive, while concerns about affordability may hinder the Biden administration’s goal of increasing EV sales. In the short term, consumers may find $25,000 EVs on used car lots.



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