Written by Cláudio Afonso | [email protected] | LinkedIn | X
According to three sources and company messages seen by Reuters, Tesla was abandoning its plan of launching a cheap mass-volume model. Tesla shares dropped six per cent on after the report.
Yet, Tesla‘s CEO Elon Musk swiftly dismissed Reuters’ report by stating on X, “Reuters is lying (again)”. Tesla shares recovered from today’s lows of $160.52 per share to $166 as of the time of writing.
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According to Reuters, Tesla internally referred to the affordable-car project as NV91 and externally as H422 when communicating with suppliers. Messages from an unnamed Tesla program manager to staff mentioned these code names when discussing the project’s cancellation. A message sent on March 1 instructed suppliers to cease all activities related to H422/NV91.
Tesla’s most affordable model currently available, Model 3, is priced at approximately $39,000 in the United States while Model 2 anticipated to start at around $25,000.
On Thursday, Tesla‘s Vice President for Public Policy and Business Development Rohan Patel engaged in an open discussion with Tesla enthusiasts on X regarding Tesla’s supervised Full Self Driving (FSD).
In an exchange about the technology, Patel enhanced that the recently updated regulations of Driver Control Assistance Systems in Europe are “encouraging”. However, he defended that they still “don’t address the key issue (system initiated maneuvers)” which would enable the “safety benefits of Tesla‘s FSD Supervised”.
Written by Cláudio Afonso | [email protected] | LinkedIn | X
