Tesla execs cast doubt on report of affordable EV’s cancellation

AutoExec Summary
Tesla reportedly won’t build an entry-level car after all, despite previous plans to do so. CEO Elon Musk has criticised Reuters for this report, accusing the news service of lying. Instead, the company will reveal a robotaxi model on August 8, 2024, using the same platform as the cancelled entry-level car. Tesla’s growth has recently hit a stumbling block, with its lowest quarterly deliveries since 2022 for the first quarter of 2024.

Brands mentioned: BYD, Toyota