{"id":2213822,"date":"2024-04-05T13:53:02","date_gmt":"2024-04-05T17:53:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/reuters-is-lying-musk-hits-back-at-report-claiming-tesla-is-canceling-plans-to-make-low-cost-evs\/"},"modified":"2024-04-05T13:53:24","modified_gmt":"2024-04-05T17:53:24","slug":"reuters-is-lying-musk-hits-back-at-report-claiming-tesla-is-canceling-plans-to-make-low-cost-evs","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/reuters-is-lying-musk-hits-back-at-report-claiming-tesla-is-canceling-plans-to-make-low-cost-evs\/","title":{"rendered":"Musk disputes Reuters report on Tesla canceling low-cost EV plans"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Freuters-is-lying-musk-hits-back-at-report-claiming-tesla-is-canceling-plans-to-make-low-cost-evs%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2213822&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Billionaire Elon Musk \u200caccuses Reuters of spreading \u200dfalsehoods about\u200b Tesla\u2064 abandoning plans for low-cost electric vehicles to focus on robo-taxis. Musk\u2064 denounced the\u2064 report as false, \u2064causing Tesla&#8217;s stock to drop\u2064 temporarily. Musk restated Tesla&#8217;s commitment to\u2063 affordable EVs, \u200cdespite the speculations. Reuters mentioned Tesla&#8217;s decision, supposedly made in a large \u2063meeting, to shift focus to robo-taxis.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p>Billionaire Tesla owner Elon Musk accused Reuters of lying after the outlet <a href=\"https:\/\/finance.yahoo.com\/news\/exclusive-tesla-scraps-low-cost-150726195.html\" target=\"_blank\" rel=\"noopener\">reported<\/a> on Friday that Tesla scrapped its plans to make low-cost electric vehicles and will focus on developing robo-taxis.<\/p>\n<p>Reuters, which cited multiple anonymous sources and \u201ccompany messages,\u201d wrote that Tesla was abandoning its promise to begin producing cheaper EVs as soon as 2025. After the report was published, Tesla\u2019s stock <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-05\/tesla-plans-to-cancel-low-cost-ev-reuters-report-says?srnd=all\" target=\"_blank\" rel=\"noopener\">dropped<\/a> by as much as 6.2% before it began to make a small climb back toward where it opened on Friday just shy of $170 per share.<\/p>\n<p>\u201cReuters is lying (again),\u201d Musk said in reply to a post on his social media platform X.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Reuters is lying (again)<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1776272471324606778?ref_src=twsrc%5Etfw\">April 5, 2024<\/a><\/p>\n<\/blockquote>\n<p>Later, Musk reposted a chart showing the decrease in Reuters\u2019 monthly and yearly website traffic.<\/p>\n<p>\u201cReuters is dying,\u201d the Tesla owner <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1776275139010904525\" target=\"_blank\" rel=\"noopener\">wrote<\/a>.<\/p>\n<p>Since as far back as 2018, billionaire Tesla owner Elon Musk has <a href=\"https:\/\/www.theverge.com\/24054854\/tesla-next-generation-vehicle-ev-elon-musk\" target=\"_blank\" rel=\"noopener\">said<\/a> the company would move into making \u201ca $25,000 car,\u201d which has been called the Model 2. In January, the billionaire entrepreneur added that his company was \u201cvery far along\u201d in making an affordable car, Bloomberg <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-05\/tesla-plans-to-cancel-low-cost-ev-reuters-report-says?srnd=all\" target=\"_blank\" rel=\"noopener\">reported<\/a>. Currently, Tesla\u2019s cheapest vehicle, the Model 3, retails for nearly $40,000 in the U.S. while other EVs in its lineup can cost up to $150,000.<\/p>\n<p>Reuters wrote that \u201cTwo sources said they learned of Tesla\u2019s decision to scrap the Model 2 in a meeting attended by scores of employees, with one of them saying the gathering happened in late February.\u201d<\/p>\n<p>\u201cElon\u2019s directive is to go all in on robotaxi,\u201d one person said, according to the outlet.<\/p>\n<p><b><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"sk-tooltip-9096\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/onelink.to\/dwapp&#038;source=gmail&#038;ust=1700760801843000&#038;usg=AOvVaw2PQrVSrJfhxNb4LcARqniG\">CLICK HERE TO GET THE DAILYWIRE+ APP<\/a><\/b><\/p>\n<p>Other car companies, such as <a href=\"https:\/\/www.dailywire.com\/news\/ford-delays-production-of-new-electric-vehicles-by-years-as-consumers-sour-on-evs\" target=\"_blank\" rel=\"noopener\">Ford<\/a> and <a href=\"https:\/\/www.wsj.com\/business\/autos\/general-motors-gm-q3-earnings-report-2023-5064f4c2\" target=\"_blank\" rel=\"noopener\">GM<\/a>, have recently <a href=\"https:\/\/www.dailywire.com\/news\/ford-to-slash-planned-production-of-its-all-electric-f-150-in-half-citing-changing-market-demand\" target=\"_blank\" rel=\"noopener\">scaled back<\/a> or delayed their plans to produce more EVs as consumer demand has failed to meet expectations while the Biden administration <a href=\"https:\/\/www.dailywire.com\/news\/watch-buttigieg-mocks-people-who-dont-want-electric-vehicles\" target=\"_blank\" rel=\"noopener\">continues to push<\/a> Americans to move away from gas-powered cars.<\/p>\n<p>After the Reuters report, Musk also responded with the eyes emoji \u2014 often used to draw attention to something \u2014 under a post that laid out a potential explanation for the story.<\/p>\n<p>\u201cElon just said Reuters was lying. However, here is my general thinking. Tesla\u2019s low-cost $25k car and the Robotaxi were always going to be based on the same platform. They were going to be very similar, but the $25k version was going to have a steering wheel,\u201d wrote Sawyer Merritt, a co-founder of an apparel company.<\/p>\n<p>\u201cMaybe Elon and the team have been so impressed with how good FSD 12 has performed and were maybe thinking they should be shifting even more resources to the Robotaxi\/FSD effort,\u201d Merritt added. \u201cThis doesn\u2019t mean the $25k car is canceled. Again, they share the same platform.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"qme\" dir=\"ltr\">\ud83d\udc40<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1776278140333281332?ref_src=twsrc%5Etfw\">April 5, 2024<\/a><\/p>\n<\/blockquote>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk, the billionaire behind Tesla, called out Reuters for spreading falsehoods. The outlet claimed Tesla abandoned its low-cost EV plans to prioritize robo-taxis, citing anonymous sources and company messages. Musk disputed the report, reaffirming Tesla&#8217;s commitment to producing affordable electric vehicles<\/p>\n","protected":false},"author":324,"featured_media":2213823,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/04\/GettyImages-1963458442-scaled-e1712337458202.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2213822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/04\/GettyImages-1963458442-scaled-e1712337458202.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2213822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/324"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2213822"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2213822\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2213823"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2213822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2213822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2213822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}