Tesla Reportedly Scraps Low-Cost Car Plans

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

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

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

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

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

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

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