Energy
What's the story
Tesla executives were reportedly alarmed last year when CEO Elon Musk denied a Reuters report about the cancellation of a planned all-new $25,000 electric vehicle (EV), the publication reveals.
Investors anticipated that this EV would significantly boost vehicle sales growth.
The denial came despite internal knowledge that the low-cost vehicle, dubbed Model 2 by many investors, had indeed been canceled.
Instead of this affordable model, Tesla shifted its focus to self-driving robotaxis.
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