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‘Reuters Is Lying’: Musk Hits Back At Report Claiming Tesla Is Canceling Plans To Make Low-Cost EVs

Posted on AllSides April 5th, 2024
From The Right
Beata Zawrzel/NurPhoto via Getty Images

Billionaire Tesla owner Elon Musk accused Reuters of lying after the outlet reported on Friday that Tesla scrapped its plans to make low-cost electric vehicles and will focus on developing robo-taxis.

Reuters, which cited multiple anonymous sources and “company messages,” wrote that Tesla was abandoning its promise to begin producing cheaper EVs as soon as 2025. After the report was published, Tesla’s stock dropped by as much as 6.2% before it began to make a small climb back toward where it opened on Friday just shy of $170 per share....

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