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Tesla Reportedly Scraps Low-Cost Car Plans, Elon Musk Denies Story

Tesla, Inc (NASDAQ:TSLA) stock is trading lower Friday following reports of the EV maker dumping its low-cost vehicle plans amid China competition. According to a Reuters exclusive report, Tesla has canceled production of its much-anticipated affordable car, which veers away from CEO Elon Musk’s original mission to create electric vehicles accessible to a broader audience. This decision dampens hopes for expanding Tesla’s market reach and signifies a shift in focus toward developin...
Red Sea Djibouti General Elon Musk Tesla Inc Vanguard Consumer Discretion Stock Market Game
Source: yahoo.com

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