Tesla stock hit 2024 lows Friday after Reuters reported the EV company canceled its long promised next-generation $25,000 vehicle, choosing to focus on developing its self-driving robotaxi platform. Chief Executive Elon Musk claimed the story was untrue. Reuters, citing three anonymous sources and internal messages, reported Friday that Tesla no longer plans to make its low-cost entry level vehicle.
Tesla Stock Hits 2024 Low On Reuters Report EV Giant Has Killed Plans For Its $25,000 Vehicle
Apr 5, 2024
