Instead, Musk is allegedly “all in on robotaxi,”

So instead of trying to compete with BYD, they are leaving that space open for Chinese domination, and instead they are trying to catch up to the Waymo-Uber-Lyft race where Tesla has not even tried to compete yet.

To me, it just seems that Musk just doesn't believe in market capitalism and competition. Or that he's exceptionally terrible at it.

So Tesla's entire strategy Elon was working was just abandoned.

Continues down the pathway that Tesla is just going to fade to irrelevance.

They probably aren't stopping planning a model 2, it just ain't gonna cost $25k.

Probably couldn't figure out a way to make the '2' serve as a 'Z' in a 1337, sophomoric sex pun, so... that's the end of that project.

Musk is a moron and I hope he keeps getting exposed

Musky can’t make a car that cheap. That’s why.

All their cars are 25000 dollar evs. They just sell them for 4 times that amount.

China gonna dominate that price bracket and lower no need to enter a market you cant compete in

that's fine, they have the perfect alternative, the cybertruck. /s

I wouldn't buy one. good job. elon destroying your brand name.

This is the best summary I could come up with:

Tesla has abandoned plans to develop an affordable electric Model 2, according to a report in Reuters.

The news organization says it has reviewed company messages that say the affordable Model Y, which Tesla CEO Elon Musk claimed would sell for $25,000 or less, has been axed.

Then, this March, Musk told Tesla workers that the Model 2 would go into production at the company's factory in Berlin.

In light of this news, that statement certainly raises eyebrows—Reuters reports that one of its three unnamed sources told it that the decision to scrap the Model 2 was made in late February.

Instead, Musk is allegedly "all in on robotaxi," Tesla's plan to create an autonomous driving system that could allow its cars to compete with Uber or Lyft without a driver in the equation.

Earlier this week, Tesla posted its worst delivery results since 2020, with an 8.5 percent drop in deliveries year over year and yet another quarter of overproduction that has left the electric carmaker with nearly 150,000 vehicles produced but unsold.

The original article contains 302 words, the summary contains 174 words. Saved 42%. I'm a bot and I'm open source!

All those that claim this market belongs to China, Tesla already has production in China, and can use all the same benefits Chinese companies can. Including government subsidies.

Dammit, the idea of a Tesla Hatchback could have been good. But no, they had to make that cyberjoke first...

I guess he's finally lost it completely.

You can't beat China on price