A Tesla founder
and former chief executive said on Tuesday it was a shame to
hear that the automaker was scrapping its low-cost car plans
amid fierce competition in China. Martin.
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HONG KONG (Reuters) - A Tesla Inc founder and former chief executive, Martin Eberhard, said on Tuesday it was a "shame" to hear that the company was scrapping its low-cost car plans amid fierce competition in China. Eberhard was speaking at the HSB.
Eberhard expressed regret over Tesla s cancellation of affordable car plans due to Chinese competition, impacting Musk s strategy of luxury models funding low-cost variants like the now-cancelled Model 2 and self-driving robotaxis development.