🔍 Executive Concerns Over $25K EV Project Denial
In 2024, Tesla executives were alarmed when CEO Elon Musk publicly denied canceling the anticipated $25,000 electric vehicle project, often referred to as the Model 2. Internal sources confirmed the project had been scrapped in favor of developing robotaxis. Executives feared Musk's denial could mislead investors and attract regulatory scrutiny, given his previous legal troubles with the SEC. Tesla has since shifted focus to producing stripped-down versions of the Model 3 and Y, with delayed launches expected in 2025. (Reuters)
📉 European Sales Decline Amidst Model Y Refresh
Tesla's car sales in Europe have declined sharply in several markets, including a 53.7% drop in Sweden and a 67% fall in France. However, Norway saw a 213% increase in sales, attributed to the introduction of the revamped Model Y. The updated Model Y features design enhancements and improved range, aiming to boost Tesla's competitiveness in the European market. (Reuters)
🚖 Robotaxi Pilot Launches in Austin
Tesla is set to launch its long-anticipated robotaxi service in Austin this month, starting with a limited “pilot” rollout featuring about 10 autonomous Model Y vehicles. The service will initially be invite-only and monitored by remote teleoperators to ensure safety. Tesla aims to scale the program to 1,000 robotaxis within a few months, with plans for over a million self-driving Teslas nationwide by the end of 2026. (Business Insider)
🔌 Charging Infrastructure Changes
The New Jersey Turnpike Authority announced plans to replace Tesla Superchargers with Universal Open Access EV chargers at six service areas by Friday. This move aims to accommodate a broader range of electric vehicles and promote accessibility. (6abc Philadelphia)
As Tesla navigates these developments, stakeholders will be closely monitoring the company's strategic shifts and market responses.
