"Tesla Scraps Plans for $25,000 Electric Vehicle Despite Musk's Denial"

Tesla reportedly cancels plans to produce a $25,000 electric vehicle in favor of focusing on a robotaxi, as Elon Musk believes a fully autonomous vehicle would make the affordable EV irrelevant. This decision comes as Tesla faces pressure from Chinese automakers in the electric vehicle market, with China's BYD surpassing Tesla as the world's top producer of electrified vehicles. Musk has been promising both a more affordable EV and a Tesla robotaxi, with the company now shifting its strategy towards the latter.