Musk now says it's 'pointless' to build a $25,000 Tesla for human drivers
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Elon Musk has stated that it is 'pointless' to build a $25,000 Tesla for human drivers, following a previous report that Tesla scrapped plans for such a vehicle. This news comes after Tesla's stock dropped when the initial report was released.
November 05, 2024 | 12:30 pm
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NEGATIVE IMPACT
Elon Musk's statement that building a $25,000 Tesla for human drivers is 'pointless' may impact investor sentiment negatively, as it follows a previous stock drop when plans for the vehicle were reportedly scrapped.
The statement from Musk could reinforce negative sentiment from investors who were already concerned about the scrapping of the $25,000 vehicle plans, potentially leading to further stock price declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100