Tesla Completes Lawsuit Over Fatal Model

On the other hand, Tesla revealed that it had canceled plans to make cheap electric cars, which it had long promised to investors or consumers.

Initially, these affordable environmentally friendly vehicles will be used by American manufacturers to drive growth, and compete with Chinese brands. This is what three sources who know about this said, as quoted from ReutersMonday (8/4/2024).

Meanwhile, Tesla itself will continue to develop a robotaxi or driverless taxi, developed from a small platform, which will be used for Tesla's cheap electric cars. Thus from the same source.

Tesla's cancellation of plans to make cheap electric cars has actually ignored the company's long-standing goal, which its owner, Elon Musk, often describes as its main mission, namely making affordable electric cars for the public.

Previously, Elon Musk had repeatedly promised that electric cars would be produced in Texas in the second half of 2025.

As for price, Tesla currently has the Model 3 as the cheapest, with a price tag of around US$ 39,000 in the United States. If a cheap electric car, Tesla's initial plan could be realized, would have a price of around US$ 25,000.

For your information, Tesla itself is currently facing sales pressure. In the first quarter of 2024, Tesla's sales will decline quite sharply due to increasingly fierce competition, especially from Chinese brands, as well as slowing growth in electric vehicle sales in the global market.