"Tesla has not yet greenlit this new EV for production. The idea of a smaller, cheaper EV will appeal to many, but CEO Musk seems bored by running a car company."
"Building an affordable small EV was once a core component of Tesla's planning, but the Model 2 was dead by April 2024, despite Musk's claims that such reports were lies."
"Musk has stated that Tesla is no longer a car company but one that specializes in robotics and AI, which has helped maintain the company's valuation despite collapsing sales."
"Tesla's free cash flow is expected to drop from $6.2 billion at the end of 2025 to -$5.8 billion, indicating a significant cash-flow problem."
Tesla has not yet greenlit a new affordable EV model, which appeals to many but requires CEO Musk's approval. Initially, a smaller EV was part of Tesla's plans, but the Model 2 was ultimately abandoned. Instead, Tesla is focusing on a two-seater for robotaxi use. Musk has shifted the company's focus to robotics and AI, despite declining sales and inventory issues. Tesla's free cash flow is projected to drop significantly, and past model developments have faced numerous challenges, indicating a lengthy process ahead.
Read at Ars Technica
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