HONG KONG (Reuters) -A Tesla founder and former chief executive said on Tuesday it was a 'shame' to hear that the automaker was scrapping its low-cost car...
HONG KONG -A Tesla founder and former chief executive said on Tuesday it was a "shame" to hear that the automaker was scrapping its low-cost car plans amid fierce competition in China.
The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first "master plan" for the company in 2006 called for manufacturing luxury models first, then using the profit to finance a "low cost family car".
Three sources told Reuters that while Tesla had scrapped plans for its inexpensive car, it would continue to develop self-driving robotaxis on the same small-vehicle platform.6 Hybrid Vehicles To Stay Away From Buying A United flight had to divert because a dog pooped in the aisle, and staff spent 2 hours cleaning it up
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong’s Greater Bay Airlines CEO Plans to Step Down by AprilHong Kong carrier Greater Bay Airlines Co.’s Chief Executive Officer Stanley Hui is preparing to step down, according to people familiar with the matter.
Read more »
Tesla settles race bias lawsuit by Black former worker after US$3 million verdictTesla has settled a long running lawsuit by a Black former factory worker who claimed he was subjected to severe racial harassment, according to a court filing on Friday, as the electric carmaker faces a series of other discrimination lawsuits.
Read more »
Former Tesla worker settles discrimination case, ending appeals over lowered $3.2 million verdictSAN FRANCISCO (AP) — Tesla and a Black man who worked at the company's California factory have settled a long-running discrimination case that drew attention...
Read more »
Former UFC Executive Marshall Zelaznik Returns to Glory Kickboxing as CEOFormer Ultimate Fighting Championship executive Marshall Zelaznik is returning to Glory Kickboxing for a second stint as the organization’s CEO.
Read more »
Former Gucci CEO Bizzarri sets up investment companyExplore stories from Atlantic Canada.
Read more »
Shareholder advisory firms support BP board's handling of former CEO's dismissalTwo major shareholder advisory firms express support for the BP board's handling of former CEO Bernard Looney's dismissal last year, ahead of the company's annual general meeting.
Read more »