this post was submitted on 05 Nov 2024
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When Reuters reported in April that Tesla had scrapped plans for a long-promised, next-generation $25,000 electric vehicle, the automaker’s stock plunged. Chief Executive Elon Musk rushed to respond on X, his social-media network.

“Reuters is lying,” he posted, without elaborating. Tesla’s stock recovered some of its losses.

Six months later, Musk appears to have backed into an admission that Tesla dropped its plans for a human-driven $25,000 car. He said in an Oct. 23 earnings call that building the affordable EV would be "pointless” unless the car was fully autonomous.

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[–] FlyingSquid@lemmy.world 131 points 1 month ago

"We can't make an affordable Tesla unless we come up with something that would make it too expensive."

Gotcha.

[–] ChowJeeBai@lemmy.world 82 points 1 month ago (2 children)
[–] FireRetardant@lemmy.world 65 points 1 month ago (2 children)

Until we tax them ridiculously (50-100%) to keep things "fair" for the american auto makers that refuse to build anything smaller than a chevorlet suburban.

[–] CmdrShepard42@lemm.ee 12 points 1 month ago (4 children)

Along with European, Japanese, and South Korean automakers. Nobody is building EVs this cheap because no other country's government is dumping hundreds of billions of dollars into selling them well below their actual cost.

[–] Traister101@lemmy.today 26 points 1 month ago (3 children)

Aww that's so sad. It's a shame nobody has the economic wealth and power to absolutely dominate the market if they put a equal amount of money into EVs. I guess we'll just have to keep spending our money on the military

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[–] FireRetardant@lemmy.world 15 points 1 month ago (6 children)

Those automakers are at least trying to compete by building small cars. I see more ads for electric f150s than i see for compact cars in north america.

[–] Mbourgon@lemmy.world 9 points 1 month ago

The profit margins are insane compared to sedans.

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[–] BakerBagel@midwest.social 11 points 1 month ago (3 children)

Correct, because Uncle Sam is spending hundreds of billions of dollars to make oil and gas as cheap as possible while automakers spend bullions every year on stock buybacks. America's poor investments are all China's fault.

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[–] Grimy@lemmy.world 10 points 1 month ago* (last edited 1 month ago) (5 children)

Every country subsidized their auto industry, it's just that all the benefit goes directly to ceos except in china apparently.

Ford received 9 billion in June.

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This is why hes suddenly against it, theres no way Chinese EVs are coming stateside, and the US is even leveraging Mexico to keep them out of Mexico too. He doesn't want to make the smaller profit margin thing everyone wants, because the government is just going to ban what everyone wants instead.

[–] SendMePhotos@lemmy.world 35 points 1 month ago (15 children)

I so badly just want a tiny electric vehicle. I don't travel much. Just need it to go around town and maybe a town over.

[–] PrincessLeiasCat@sh.itjust.works 12 points 1 month ago (3 children)

Chevy Bolt? My coworker has one and loves it.

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[–] ChowJeeBai@lemmy.world 9 points 1 month ago (2 children)

Do you need windows? Renault has a couple of small ones, the Twizy and Zoe, in order of size. Dunno if they're still available. Else in my country they have the BYD dolphin and Smart One Plus.

[–] givesomefucks@lemmy.world 28 points 1 month ago (2 children)

Americans aren't allowed to buy BYD personal vehicles...

[–] DmMacniel@feddit.org 23 points 1 month ago (1 children)
[–] Warl0k3@lemmy.world 11 points 1 month ago* (last edited 1 month ago)

We have to take the regulation we can get, okay? Not everyone can have legal systems that "make sense" like you get in them skandinavyvian hellholes. Catch me dead in a country where you can just assume the tap water is potable...

[–] FlyingSquid@lemmy.world 11 points 1 month ago

Or import European EVs that aren't pre-approved. No Renault Twizy.

[–] overload@sopuli.xyz 10 points 1 month ago

Nissan Leaf?

[–] SeaJ@lemm.ee 6 points 1 month ago

A used Bolt is pretty cheap.

[–] Atelopus-zeteki@fedia.io 4 points 1 month ago (2 children)
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[–] magnetosphere@fedia.io 45 points 1 month ago (2 children)

Musk is a fascist bigot. I wouldn’t drive a Tesla if it was given to me for free. Just walking up to it and seeing that T would piss me off. In a way, I’m glad he refuses to build a cheap EV.

[–] leftytighty@slrpnk.net 8 points 1 month ago

it's easier to raise tariffs so that efficiently produced foreign electric cars are just as expensive. God bless America

[–] Cocodapuf@lemmy.world 7 points 1 month ago* (last edited 1 month ago) (2 children)

Oh, Musk is way too powerful and totally nuts, he's gone off the deep end. Also he's gone full asshole, there's hardly anything redeemable about him these days.

That said, I'd drive any car that was given to me for free, and I won't pretend otherwise.

Also, despite Musk, Tesla has done amazing things for the auto industry, I'm extremely pleased to see this shift to EVs across the board.

[–] magnetosphere@fedia.io 6 points 1 month ago

Oh, I’d take a free car; but instead of driving it I’d turn around and sell it immediately. Then I’d buy something that wasn’t a badge of shame.

[–] skyspydude1@lemmy.world 2 points 1 month ago (2 children)

As someone who works in the industry, and done plenty of work for Tesla, I can create a far greater list of all the things they've fucked up in the industry, including electrification.

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[–] x00z@lemmy.world 25 points 1 month ago

How can somebody just shout "they're lying" to get their stock back up and get away with it?

[–] Ulrich_the_Old@lemmy.ca 22 points 1 month ago
[–] adarza@lemmy.ca 21 points 1 month ago

he's still building the car. it's just the price will be double or more.

[–] PortoPeople@lemm.ee 13 points 1 month ago (1 children)
[–] Burn_The_Right@lemmy.world 5 points 1 month ago

There's at least one sure-fire way to remove leeches.

[–] Snapz@lemmy.world 10 points 1 month ago

Expect shit they try to bury in the election news cycle

[–] Gerudo@lemm.ee 9 points 1 month ago

They still don't have fully autonomous 100k cars!

I'm guessing that to him, the only market for the car will be for deliveries. Fleet use. He isn't interested in consumer sales.

[–] Etterra@lemmy.world 6 points 1 month ago

Well I guess he must know about some secret point to killing his own company.

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