Tesla's $25,000 EV flip-flop explained: Elon Musk's company has been working on a budget-friendly electric vehicle for years. In 2020, Musk announced plans to build a $25,000 car with a steering wheel and pedals. However, the project kept getting delayed, and in September 2022, Tesla scrapped plans for a manually operable $25,000 car in favor of focusing on robotaxis. Despite Musk's initial denial, Reuters reported that Tesla was indeed working on a budget-friendly option. The company has since confirmed its focus on developing new vehicles, including more affordable models, using ideas from the next-generation platform.

Source: https://techcrunch.com/2024/10/24/teslas-25000-ev-flip-flop-explained/