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Tesla reportedly abandons plans to make a less expensive $25,000 electric vehicle

The affordable Tesla is no more.

He first mentioned it in a 2018 interview with YouTuber Marques Brownlee, saying, “A $25,000 car, that’s something we can do.” Then, in 2020, at the company’s first Battery Day event, he speculated that Tesla could eventually produce upward of 20 million of these vehicles in a year — or roughly twice the current production of Toyota, GM, or Volkswagen. While Tesla spent years developing the expensive, polarizing Cybertruck, the company lost its place as the world’s top producer of electrified vehicles to China’s BYD. Last year, Musk biographer Walter Isaacson told Axios that the car would have a futuristic Cybertruck-style design and be developed alongside an autonomous robotaxi.

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