Posted on 04/05/2024 9:10:22 AM PDT by marcusmaximus
Tesla has shockingly canceled the much-anticipated $27,000 car it was relying on to break into the mass market.
The 'half price' EV was due to go into production starting next year and viewed by investors as a vital saving grace that could rescue the struggling automaker.
Tesla will instead continue developing self-driving robotaxis, according to Reuters, which broke the news on Friday.
In the minutes after the news broke, Tesla's share price fell more than 5 percent to just over $160. The company's stock is one of the worst performing in the S&P 500 this year.
This week its share price fell further after it reported it fell well short of delivery estimates in the first quarter. Competition is also ramping up with Chinese rivals like BYD, which recently launched an EV starting at $10,000.
(Excerpt) Read more at dailymail.co.uk ...
Tesla has no future.
EVs are still boutique items.
The vast majority of Americans don’t want to drive an electric car.
What safety features are the chicoms eliminating to get to the $10,000 pricetag?
All of them.
Basic battery powered car without the other brands’ antics and robotics.
- my guess
the only thing worse than driving an EV, is being in a “self” driving robo-EV!
Biden’s been helping the Chinese take over the US market with more ‘buy EV’s incentives’. Most Americans will only be able to afford the cheap Chinese EV’s.
Tesla the iPad on wheels . Elon had to blast his into space to get rid of it , dead batteries ? The EV the disposable razor of transport
What safety features are the chicoms eliminating to get to the $10,000 pricetag?
The Chinese car is like a disposable razor , throwaway
Exactly. And the Chinese EV batteries will only last for 25 miles of driving.
Elon Musk Promises Tesla Robotaxi Will Be Ready in 2024
LOL! What will his next promise be?
Disposable razor with 25 miles driving range per recharge.
These guys show you how to extend the range of the cheap EV , https://www.youtube.com/watch?v=AJytvfaczvY&t=58s
If you make a list of all the things Biden’s policies have done FOR the Chinese... and a list of the few things Biden has done FOR Americans... You’ll know who he’s working for.
Oh Yeah?
Didn’t some people say same thing about Apple about the turn of this Century?
If Tesla wants to go mass market they need to show why their product is really worth the extra price. It is pretty amazing what Apple did IMO.
So maybe Apple buys Tesla? (OOOoohhhh!!! that hurts)
The Chinese battery will last 4 years rather than 8 and the car will be worthless because battries are almost as expensive as the cheap car. So the impact on ‘mother earf’ will be much worse.
If we get again Biden in 2024 the American automakers will experience a “bloodbath”.
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