Tesla's former CEO slams Elon Musk's plans to delay low-cost EV models, calls it ‘shameful’
Tesla has decided not to pursue their Model 2, their low-end car because they don’t think they can compete with the low-end Chinese cars," Eberhard said in an interview with Bloomberg TV at the summit. “I think that’s a shame, they might want to rethink that.
It seems like a better market than that gigantic truck they make," the former CEO added. Martin Eberhard's remarks came after a Reuters report which claimed that Tesla has called off its plans to manufacture a less-expensive vehicle.
The report was denied by incumbent CEO Elon Musk, but the market is abuzz with claims like Tesla is shifting its focus on introducing a robotaxi to the market. Elon Musk has always sounded optimistic about Tesla's ongoing innovations and hinted at the possibility of a $25,000 electric vehicle (EV) during an event in September 2020.
The Tesla CEO said that the advancements could enable the production of an EV at such a price point within approximately three years. Speaking on the electric vehicles sector, Martin Eberhard expressed excitement about the entry of different players and said the company “needs to be focused on cost instead of focusing on technology for the sake of technology." “It’s important to understand that the automotive space is not like Silicon Valley in the sense that this is not a space in which there is a winner-takes-all technology.
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