Tesla Model 2 abandoned? Multiple sources say $25,000 electric car dead, Elon says it’s all lies

AutoExec Summary
Tesla has scrapped plans for its affordable Tesla Model 2 due to tough competition and a price war in China. Resources are now focused on developing self-driving robotaxis instead. The Model 2, priced below $25,000, was set for a 2025 launch before being canceled abruptly in February. With increased competition from Chinese and European car brands, Tesla’s expansion goals are now uncertain. CEO Elon Musk dismissed reports of the Model 2’s demise, teasing a Robotaxi unveiling. Critics question the viability of robotaxis, which could face technical and regulatory challenges. Despite setbacks, Tesla aims to rebound with its new Robotaxi concept set to be revealed in August. Struggling with sales, Tesla faces tough competition from Chinese automakers like BYD.

Brands mentioned: Tesla, Renault, Volkswagen Group, BYD, Toyota