Tesla, Inc. (NASDAQ:TSLA) stock fell following a Reuters report claiming the company scrapped plans for a low-cost EV, a move that contradicts Elon Musk's vision of making electric cars more accessible. Musk refuted the report, but concerns about Tesla's market reach and competition from Chinese EV makers persist. The shift towards developing self-driving robotaxis introduces new challenges, potentially impacting Tesla's ambitious sales targets and competitive edge. Tesla's recent financial performance shows a decline in vehicle deliveries and production, with a significant stock price drop over the last six months. Investors can also engage with Tesla through ETFs like The Meet Kevin Pricing Power ETF (NYSE:PP) and Vanguard Consumer Discretion ETF (NYSE:VCR).