Musk Won't Say If He's Still Committed to Low-Cost Tesla EV

Max, it was interesting that, of course, his image froze up right when he's about to answer that question because Tesla omitted a previously stated goal to eventually sell 20 million vehicles a year from one of its yearly reports. And we wrote a story about that. And I want to get from you some context on how important it is that this was omitted in this latest report. Yeah. So Elon Musk the the question cut out just there, but he has a his ducked this question in earnings calls as well. And what is happening is the company has shifted. From emphasizing selling huge numbers of cars, 20 million cars. Sold a year, that would be an enormous percentage of the global auto market. You know, that's more cars that are sold every year in the United States. It really was. The original plan with Tesla was like the iPhone, like they are basically. Every car you see is going to be a Tesla, and that is how it's going to be worth a huge amount of money. And that's how Tesla is going to solve all these climate change issues. Elon Musk has shifted away from that for, for a bunch of pretty sensible reasons, essentially competition from China. It's gotten much harder to sell these cars. And so instead he's been talking a lot about robo taxis. So on the last earnings call, you know, the the idea of selling tons and tons of EVs that kind of went by the wayside. Instead, it's all about we're going to create this. Super valuable, entirely new industry that has the potential to swallow all of the transportation industry. So when you see his response there or his, you know, the, the omission of this goal in the report, that's what's going on. Essentially, we're seeing a pivot from a very large company from 1 super ambitious goal, arguably an unachievable goal to another super ambitious and arguably unachievable goal. How much do you read into this? Because Elon Musk has celebrated as he is. Says a lot of things and he's very ambitious. That's how he inspires people. But he also often changes his mind. He pivots, like you just said. So I mean, for instance, he was going to build out the Supercharger network and now he's fired almost the entire team of the Supercharger network. But actually it started, we've reported over the last week or so that he's been hiring people back. I think he's he's actually realized that shutting it down, he's re pivoted back towards superchargers. So as you say, he is a leader who kind of famously a lot of people like him because he shoots from the hip. He says what he means, he changes tack. However, this change the, the change away from the the $25,000 EV, which was a thing that. Elon Musk had talked about many of the people who Tesla were, you know, huge Tesla bulls really believed in. If you read reporting on Tesla, lots of employed people were designing this car. This is a big change. This isn't just Elon Musk, you know, waking up with a, you know, feeling differently today. It isn't like one of his tweets. It has the potential to really shift the company and shift the way people value it.

OTHER NEWS

22 minutes ago

How much does it really cost to retire to Spain? Everything you need to know before taking the leap (and it's less money than you might think!)

22 minutes ago

How much does it really cost to retire to Spain? Everything you need to know before taking the leap (and it's less money than you might think!)

22 minutes ago

BYD Seal electric vehicle owner's embarrassing mistake on Perth's City Beach

25 minutes ago

Kaizer Chiefs: Nasreddine Nabi receives another offer!

25 minutes ago

Brighton announce Fabian Hürzeler appointment

26 minutes ago

Ten-year US-Ukraine security deal is a 'landmark event', FM Kuleba says

26 minutes ago

Ways Charlotte stepped up for beloved mum as Kate Middleton made triumphant return

26 minutes ago

Majorcans take over tiny cove amid island's anti-tourism backlash

26 minutes ago

T20 World Cup: How does the Super 8 stage work

26 minutes ago

Bulls set to lose another Rugby World Cup-winning Springbok for URC Grand Final against Glasgow Warriors

28 minutes ago

Former Everton star Frank D'Arcy dies aged 77, as Toffees pay tribute to their title-winning defender

32 minutes ago

Ron Washington won't let losses deter belief in Angels: 'Ain't no damn failure'

32 minutes ago

General election 2024 live: Tories could win just 72 seats in next Parliament, new Survation poll says

32 minutes ago

Slovenia v Denmark LIVE: Euro 2024 team news, line-ups and more today

33 minutes ago

Gino D'Acampo 'rakes in £6m in two years' after he 'failed to pay £5m to staff and taxman' when his My Pasta Bar chain went under

33 minutes ago

'Britain's FBI' investigating PPE scandal linked to 'Baroness Bra' Michelle Mone interview at least five suspects under caution - as case reaches China

33 minutes ago

The Entire Young Sheldon Timeline Explained

35 minutes ago

John Sterling’s kids reveal what it’s like to have the legendary Yankees announcer as a dad: ‘Unlike any other human’

36 minutes ago

Londis shop orders staff to pour famous cider down drain over 'stolen' name

36 minutes ago

Hamas response to Gaza ceasefire proposal 'consistent' with principles of US plan, leader says

37 minutes ago

Top model Josh: ‘Celebs love me because I’m a Kiwi’

38 minutes ago

Greene homers twice and has a career-best 6 RBIs as Tigers rout Astros 13-5

38 minutes ago

Boozy England fans drink in the Euro 2024 atmosphere ahead of first game vs Serbia

41 minutes ago

Playwright James Graham: ‘We’re still living in Thatcher’s country’

41 minutes ago

Kate Middleton - latest: Prince William shares sweet message day after Princess returns to public duties

41 minutes ago

Poland vs Netherlands LIVE: Euro 2024 team news and line-ups ahead of Group D clash as Robert Lewandowski out

42 minutes ago

China is getting too much rain in the south and not enough rain, plus a heat wave, in the north

43 minutes ago

As the Raspberry Pi share price soars, is it set to be a great UK growth success?

43 minutes ago

World leaders condemn Putin's 'dictatorial' Ukraine ceasefire proposal

43 minutes ago

Richie Sambora on Bon Jovi docuseries: 'That's one person's perspective'

43 minutes ago

With a forward P/E of 3.28x, could this FTSE 250 stock make me rich?

43 minutes ago

NASCAR radio station: Channel, live streams to listen to 2024 Iowa race broadcast

43 minutes ago

Matt Shirvington reveals what he REALLY thinks of 'fast-paced' Sunrise

43 minutes ago

LISTEN to It's All Kicking Off! Why it's criminal to leave Trent Alexander-Arnold out of the England team

43 minutes ago

Axed Match of the Day pundit Mark Lawrenson claims BBC bosses threatened to drop him from the World Cup final over a 'handbag' joke

43 minutes ago

Alisha Lehmann and Douglas Luiz 'set for historic double transfer to Juventus' this summer... as Italian club continues negotiations for the Aston Villa power couple

43 minutes ago

Married At First Sight's Jules Robinson throws wild baby shower complete with nappy-sniffing challenge and VERY racy games

43 minutes ago

Video: Lady Elliot Island boat capsize: Desperate search for missing man after boat overturned ends in tragedy off Queensland coast near Bundaberg after Life Flight winched a father and son to safety

43 minutes ago

Lady Elliot Island boat capsize: Desperate search for missing man after boat overturned ends in tragedy off Queensland coast near Bundaberg after Life Flight winched a father and son to safety

43 minutes ago

Man City are 'prepared to take Joao Cancelo on pre-season tour' after 17-month absence... as Premier League champions demand Barcelona meet £25m asking price