He made the announcement shortly after Reuters reported that Tesla is no longer making a $25,000 EV.

Tesla is introducing a robotaxi on August 8, Elon Musk has announced on X a few hours after Reuters published a report that the automaker is scrapping its plans to produce a low-cost EV. Reuters also said that Musk's directive was to "go all in" on robotaxis built on the company's small-vehicle platform. Tesla has been promising a more affordable EV with prices expected to start at $25,000 for years, and Musk said as recently as this January that he's optimistic the model will arrive in the second half of 2025. In response to the report, the Tesla chief tweeted that "Reuters is lying (again)."

He didn't clarify which part of the report was a lie, but considering he confirmed that Tesla is unveiling a robotaxi, he likely meant the news organization's claim that the company pulled the plug on a more affordable EV. At the moment, Tesla's cheapest vehicle is the Model 3, but its prices start at $39,000. It'll be interesting to see how the company will make a robotaxi work with its camera-only system — it dropped radar and other sensors, which robotaxi companies like Waymo use extensively, from its driver assistance technologies a few years ago.

Source:
courtesy of ENGADGET

by Mariella Moon

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