Musk Says Reuters ‘Lying’ After It Reports Tesla Scrapped Low-Cost EV Project

“Elon’s directive is to go all in on robotaxi,” one of Reuters’ sources is reported to have said.

SpaceX, Twitter and electric car maker Tesla CEO Elon Musk gestures as he speaks during his visit at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris on June 16, 2023. Alain Jocard/AFP via Getty Images

Tesla CEO and billionaire investor Elon Musk has denied reports published by Reuters that the electric car company has scrapped plans to develop new low-cost models.

Reuters first reported on Friday, citing three unnamed officials “familiar with the matter” and alleged company messages, that Tesla had abandoned a multi-year goal to bring a line of entry-level vehicles to the market, known as the Tesla Model 2.