this post was submitted on 05 Apr 2024
94 points (93.5% liked)

News

22890 readers
3770 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first “master plan”, opens new tab for the company in 2006 called for manufacturing luxury models first, then using the profits to finance a “low cost family car.”

Tesla shares were down about 3% in early afternoon trading after the Reuters report.

Musk has since repeatedly promised such a vehicle to investors and consumers. As recently as January, Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025, following an exclusive Reuters report detailing those plans.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 3 points 5 months ago (2 children)

I don't understand the article title. With the looming threat of super cheap Chinese EVs, Tesla decides to cancel their low-cost car. How does that help Tesla compete? Doesn't seem like he has a plan to counter competition. Maybe he's relying on the steep 25% tariffs that the US places on Chinese EVs (that they're also thinking of increasing even higher). Add this to the massive pile of broken Musk promises. The article goes on to mention "self-driving robotaxis" which I assume will be yet another broken Musk promise.

[–] [email protected] 5 points 5 months ago

I had the exact same question after reading the article.

Chinese evs are cheap and their build quality is rapidly improving.

Tesla roofs and doors fall off so he's going to keep prices the same?

Without a cheap Tesla equivalent, I don't see how Tesla maintains its market share unless the Chinese manufacturers make a suicidal move and start pricing their cars higher than Tesla.

[–] [email protected] 2 points 5 months ago (1 children)

Maybe he’s going all in on self-driving but that really doesn’t seem anywhere close

[–] [email protected] 1 points 5 months ago

What blows my mind is that he's sabotaging his own engineers by forcing them to only rely on cameras for self-driving. Let's excuse the consumer vehicle market for a moment since maybe the added cost of LIDAR and RADAR is too much. That doesn't explain why he also wants the robotaxis to only rely on cameras. Robotaxis would provide service to far more people per vehicle, so the per-vehicle cost shouldn't matter as much. Replacing a human driver alone recoups the cost of LIDAR and RADAR in a short amount of time.