Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh. REUTERS/Hamad I Mohammed/File Photo
Senior Tesla executives were alarmed last year when Elon Musk denied a Reuters report that the company had killed a planned all-new $25,000 EV that investors had expected to drive explosive vehicle sales growth.
"Reuters is lying," Musk had posted on X, minutes after the story published on April 5, 2024, halting a 6% decline in Tesla's stock.
They said the executives knew that Musk had, in fact, canceled the low-cost vehicle, which many investors called the Model 2.
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