Tesla puts ‘$25,000 electric car’ codenamed NV9 on back burner despite what Elon Musk said
by Temporary-Mammoth848
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Electric Vehicles
Tesla puts ‘$25,000 electric car’ codenamed NV9 on back burner despite what Elon Musk said
9 Comments
WTF is going on at Tesla lol
If there was any doubt, when the “pro” publications like Electrek report it as news you know it’s actually canned.
The Cybertruck research & development, assembly, production and ramp must have a cost a fortune which I’m not convinced they will ever make back. The market niche is so narrow and many countries will never even see it on the road. Don’t get me wrong I think it’s a quite cool machine, I just don’t think it was a good business decision. Investing more into the “model 2” and roadster would have made much more sense to me, but I’m just guessing.
>While we can argue all day about the words scrapped, canceled, postponed, or put on the back-burner, there was certainly more truth than falsehood in that original report.Effectively, Tesla is not working on this NV9 project anymore, and it is focusing on Robotaxi instead.
They say all funding was cancelled, and today’s announced layoffs included people on the project. I suppose funding and staff could be reallocated to the project at any time, but at least for now it sounds like that’s not going to happen anytime soon. This is unfortunate, because I’d love to see EVs in that price range on the market.
If true, this could be shooting themselves in the foot as many consumers are eagerly waiting for affordable EVs. This would open the door for other auto companies like Hyundai and Chinese makers to fill the niche.
– Layoffs
– slashing FSD subscription pricing
– FSD curb magnets
– POS cybertruck issues
You’re not going to be ‘innovative’ thinking that you can just put the remaining workers through the meat grinder and expect success.
That the expansion of the factory in Texas is postponed, does not mean they can develop production lines of this cheaper and smaller variant in China, or Germany Giga factories, still aiming for a 2025 start of production as was previously targeted.
All the article says is that expension for ‘model 2’ production line is no longer a priority in Texas, and completing the data center in Texas is. Says nothing about the model 2 in particular, or anything about the other Giga factories at all.
This is an insanely bad move. If they really wanted to accelerate the world to EVs, this would have been the top priority, not the CT. They need a new CEO.
by back burner they mean never worked on it.
Unsurprising.
Reuters: is one of the worlds most respected news outlets, has internal Tesla communications to back up their story
Musk: known twitter stooge, just says Reuters is lying and offers no further info
Elon will probably try to hold his ground by hanging onto a technicality for his dear life. *”Its not cancelled. We’ve only stopped all work and delayed it indefinitely”*