Reuters: Tesla has cancelled the "Model 2" [Update: Denied by Elon Musk]

[BannedByTMC]

Update, Elon says it's false.

I hope this isn't true because it would be a disaster.

https://finance.yahoo.com/news/exclusive-tesla-scraps-low-cost-150726195.html

 

[Elonmusk]

they cappin

 

[BannedByTMC]

Elon says it's false

 

[cybercoffee]

the whole reporting sounds fishy, but surely they wouldn't have pulled the tidbit of a meeting attended by "scores of employees" out their wazoo...

 

[CyberTW]

Elon says it's false

Word to the wise on this forum. Don’t trust MSM when it comes to Elon or Tesla . Usually half-truths, agendas, and smear campaigns. This isn’t to say neither has warts, but MSM won’t give you the honest truth

 

[lowtek]

Update, Elon says it's false.

I hope this isn't true because it would be a disaster.

https://finance.yahoo.com/news/exclusive-tesla-scraps-low-cost-150726195.html

Yahoo is still a thing? Really? They haven't been relevant since like 2005 or something.

 

[BannedByTMC]

Yahoo is still a thing? Really? They haven't been relevant since like 2005 or something.

I like their finance page interface, and it was a Reuters article.

 

[MajorVictory]

Stock/shorts manipulation again

 

[cybercoffee]

I like their finance page interface, and it was a Reuters article.

yeah, yahoo finance is a decent aggregator of news and often gets around paywalls

 

[Crissa]

Yahoo is still a thing? Really? They haven't been relevant since like 2005 or something.

I have a friend who still works there.

-Crissa

 

[Crissa]

They're probably making too much out of another delay in the project.

With car financing still in the dumps and all car sales slowed in the first quarter, they're probably moving people to focus on cost reductions in current lines than a project they don't have batteries yet ready for year after next.

-Crissa

 

[jerhenderson]

I trust Reuters like I trust Consumer Reports EV articles.

 

[Crissa]

I trust Reuters like I trust Consumer Reports EV articles.

They're the ones who have broken several stories inside Tesla that Tesla didn't want to admit to.

But the articles do seem overblown for what is probably just another delay or engineering revision.

-Crissa

 

[Bstill]

the whole reporting sounds fishy, but surely they wouldn't have pulled the tidbit of a meeting attended by "scores of employees" out their wazoo...

NP to pull out all sorts of stuff if you have a big enough yaho

 

[Cyber07]

I do enjoy my Cybertruck but I started to think the Elon might be right that the Cybertruck has the potential to “kill” Tesla’s ability to reach its full potential.

The cancellation of M2 is giving up the lower segment to the Chinese auto manufacturers.

I am wondering if Tesla would have been focused on M2 and not on the Cybertruck the company would have been in a much better position regarding growth and market share capture potential.

In a way, the Cybertruck was/is a distraction in the bigger economic wave of electrification. There is almost no chance for Tesla to catch up on that space anymore.

I am just sad realizing that the product I love might caused Tesla market share loss. They (China) have disrupted the disruptor (Tesla).