Tesla Reportedly Scraps Low-Cost Car Plans

According to Reuters, Elon Musk canceled his company's plans to produce a low-cost electric vehicle.

Tesla will focus on self-driving taxis instead, according to sources.

Musk has stated that allowing Chinese companies to sell low-cost electric vehicles in the United States

Due to high taxes, there are now no Chinese cars for sale in the United States.

Musk has promised a cheap electric automobile, perhaps priced at $25,000.

Tesla did not react to Reuter's request for comment, but in a post on X, Musk accused the publication of "lying."