Tesla's affordable EV, robotaxis in focus after Musk backlash, competition hurt demand

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Tesla's affordable EV, robotaxis in focus after Musk backlash, competition hurt demand

^{Published on 2025-04-21 07:41:29 - Reuters}

Tesla investors will be eager to ask CEO Elon Musk two pressing questions when the electric vehicle maker reports results on Tuesday: when will the affordable vehicle launch, and is the robotaxi plan on schedule?

Tesla is shifting its focus towards developing more affordable electric vehicles (EVs) and robotaxis following a backlash from CEO Elon Musk and amid declining demand influenced by increased competition. The company is planning to use its next-generation platform to produce these vehicles, aiming to start production in the second half of 2025. This strategic pivot comes after Tesla reported a significant drop in first-quarter deliveries and amid a price war in the EV market, particularly in China. Additionally, Tesla is facing challenges such as a recall of its Cybertruck due to an accelerator pedal issue and ongoing investigations into its Autopilot system. These developments highlight Tesla's efforts to navigate a competitive landscape and maintain its market position.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/other/tesla-s-affordable-ev-robotaxis-in-focus-after-musk-backlash-competition-hurt-demand/ar-AA1DjdcL ]

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