The company is not abandoning production of low-cost electric vehicles, the billionaire claims Tesla CEO Elon Musk has dismissed a report by Reuters claiming the US carmaker has canceled a project for a low-cost vehicle owing to fierce competition from Chinese electric-vehicle (EV) makers. On Friday, Reuters wrote, citing sources familiar with the matter and company messages, that the automaker will focus on developing self-driving robotaxis instead of pursuing Musk’s longstanding goal of bringing affordable electric cars to the masses. “Reuters is lying (again),” Musk wrote on X (formerly Twitter), commenting on
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