"Tesla's Low-Cost Car Plans Scrapped: Insights from Executives and Analysts"

Following reports of the cancellation of Tesla's $25,000 mass-market vehicle, CEO Elon Musk denied the claims and announced plans to unveil a robotaxi in 2024, sparking speculation that both projects could be related. Tesla's Chief Designer Franz von Holzhausen also cast doubt on the cancellation reports, advising people to "stay tuned" and not always believe what they read. The original Reuters report alleged that messages to suppliers and a manager's message indicated the cancellation, while Tesla has been rolling out its Full Self-Driving v12 software and will hold its Q1 2024 earnings call on April 23.