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

4 hrs ago

Cowboys head coach Mike McCarthy 'getting fed up' with owner Jerry Jones: report

4 hrs ago

Who Should Steelers Hope Wins Training Camp QB Battle?

4 hrs ago

Goaltender's dad talks up the Oilers' chances of lifting the Stanley Cup

4 hrs ago

Phillies turn rare 1-3-5 triple play against Tigers, 1st since 1929

4 hrs ago

Discount Burger Check? Chiefs' Reid Shares Hilarious Commercial Story

4 hrs ago

'Devastating loss': Digital lending library, Internet Archive, removes 500,000 books after being sued by publishers

4 hrs ago

Iga Swiatek vs Coco Gauff vs Aryna Sabalenka vs Elena Rybakina: WTA ‘Big 4’ state of play ahead of Wimbledon

4 hrs ago

Would a Toronto byelection loss spell doom for Trudeau?

4 hrs ago

BlackSuit ransomware gang blamed for ongoing car dealership outages

4 hrs ago

'Unreal' injury-time equaliser saves football powerhouse

4 hrs ago

Nigel Farage accused of cosying up to the Kremlin by former NATO boss

4 hrs ago

Dagestan, in southern Russia, has a history of violence. Why does it keeps happening?

4 hrs ago

Marines revive a World War II airfield on Peleliu in Pacific pivot

4 hrs ago

Fortnite Brings Tilted Towers and Other Fan Favorite Locations, But With a Twist

4 hrs ago

Shadow of the Erdtree Puts the Cherry on Top of Elden Rings Main Strength

4 hrs ago

Anger erupts as Albo's governor-general is awarded payrise

4 hrs ago

Charo Makes Rare Public Appearance at Project Angel Food Event: 'Life Is Beautiful' (Exclusive)

4 hrs ago

Boozed-up England fans sing '10 German bombers' chant in Cologne

4 hrs ago

Show Respect: ‘Boys are surprised we talk about this, it’s become normalised’

4 hrs ago

After clash with prosecutor, judge reserves ruling on restricting Trump’s rhetoric about agents’ classified documents search

4 hrs ago

Peter Dutton’s nuclear plan ‘doesn’t deliver’ any ‘energy price decrease’ until 2040

4 hrs ago

Where to watch Netherlands vs. Austria live stream, TV channel, lineups, prediction for Euro 2024 match

4 hrs ago

China lunar probe to return to Earth with samples

4 hrs ago

Report: Knicks’ OG Anunoby declines player option, enters unrestricted free agency

4 hrs ago

Saints offensive line ranked 19th in the NFL

4 hrs ago

Senators acquire goaltender Linus Ullmark from Bruins

4 hrs ago

Why Qld feels like home for the Blues

4 hrs ago

Seahawks waive 3 undrafted free agents, make UFL champ signing official

4 hrs ago

Andrew Scott Frantically Runs to Hear Taylor Swift's ‘Style' at 'Eras Tour'

4 hrs ago

England’s Test series v New Zealand: Date, kick-off time and TV channel

4 hrs ago

Bills' McDermott Says Von Miller Has ‘Something to Prove’

4 hrs ago

US prosecutors want Boeing to face criminal charges

4 hrs ago

Finance Minister Michael McGrath set to become Ireland's new EU Commissioner

4 hrs ago

Red-hot Cardinals get huge boost in return of star catcher

4 hrs ago

How police use the mail to spy on you: 60,000 cases in last decade with little pushback

4 hrs ago

These 3 Republicans are Trump’s most likely VP picks

4 hrs ago

Roy Jones Jr. announces his son, DeAndre, died by suicide

4 hrs ago

Luxury Gyms, Like Equinox and Life Time, Are Taking Over Big Retail Spaces

4 hrs ago

Automobili Pininfarina PURA Vision wins prestigious Red Dot Award: Design Concept 2024

4 hrs ago

Pop legend Robbie Williams wears his AFL jersey to see if he still gets recognised in London - with some very surprising results