Reuters: Tesla has cancelled the "Model 2" [Update: Denied by Elon Musk]

[Derektsla]

Didn’t Elon already come out on X and say that news is wrong?

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[cybrtrk88]

Model 2 cancellation is fake news per X

 

[Makeodds101]

he did. Someone posted it in the forum and updated it with Elons quote from X. Not Cancelled.

 

[Crissa]

Didn’t Elon already come out on X and say that news is wrong?

he did. Someone posted it in the forum and updated it with Elons quote from X. Not Cancelled.

Third post in this thread.

-Crissa

 

[BannedByTMC]

Third post in this thread.

-Crissa

Actually first line of the first post in this thread which I edited 30 minutes after posting it. It seems some people must read only the post title and then comment without reading any of the other comments.

 

[Crissa]

Actually first line of the first post in this thread which I edited 30 minutes after posting it. It seems some people must read only the post title and then comment without reading any of the other comments.

Well, it was the third post which found Elon's post.

-Crissa

 

[charliemagpie]

Tesla will unveil a couple ready for production, and some still in development.

Routers will say:
"But, most were concept cars"

 

[Platinumsmith]

Update, Elon says it's false.

I hope this isn't true because it would be a disaster.

https://finance.yahoo.com/news/exclusive-tesla-scraps-low-cost-150726195.html

I trust by now most people are aware that Reuters will lie for money just like all the other fake news outlets.

 

[C T Rick]

What makes a car cheaper.

Parts or Labor ?

we all know labor is not getting any cheaper, nor are parts. But eliminate human labor and assemble it with his robots and you just cut out a large portion of expense.

Elon is building more and more robots. So once he has the AI and robots up to speed,Tesla should be able to produce a less expensive vehicle as long as parts don’t continue to rise at an unforeseen rate.

What still worries me is Apple dropped their self driving car. Fiskers is in the dump and so is Lordstown. Canoo is barely holding on. Ford is pretty much Flat.

So is all electric the future or is Hybrid the best of both worlds?

Tesla shares have bottomed out. But more, sit or sell?

Rick

 

[Cold.Truth]

Regarding Model 2 vs Cybertruck

I do enjoy my Cybertruck but I started to think the Elon might be right that the Cybertruck has the potential to “kill” Tesla’s ability to reach its full potential.

The cancellation of M2 is giving up the lower segment to the Chinese auto manufacturers.

I am wondering if Tesla would have been focused on M2 and not on the Cybertruck the company would have been in a much better position regarding growth and market share capture potential.

In a way, the Cybertruck was/is a distraction in the bigger economic wave of electrification. There is almost no chance for Tesla to catch up on that space anymore.

I am just sad realizing that the product I love might caused Tesla market share loss. They (China) have disrupted the disruptor (Tesla).

I believe that the Model 2 and the Cybertruck will both move forward as success stories. Both are very important market segments. The pickup truck is akin to the “cruiser” style of motorbike which stimulated even BMW to eventually build a few - because having a tiny slice of a huge market can often be better/smarter than a large slice of a small or shrinking market. Triumph Motorbikes, which has its roots in “standard” bikes, now offers various trim lines of the Bonneville including the SpeedMaster and Bobber, not to mention the Rocket 3 - all of which target the cruiser segment buyers, mostly. Jap bikes have had Harley clones for years - successfully. Anyway, the CT is, IMO, not going to be a mistake - but it is ground-breaking in some of its engineering design and manufacturing methods, difficult though they may be.

A pickup truck and an entry-level (hatchback?) sedan - both good moves in my opinion as a shareholder. YMMV, of course. Exciting times!

 

[Beyond]

Some very interesting news is that we will most likely get a peak at what the "M2" will look like and get an idea about many of it's features. We may even get some information on it's new production method at the robotaxi reveal on 8/8/24. As far as the either/or hypotheses about the Cybertruck and "M2", I think that Tesla and Elon have demonstrated that they have the ability to do two or more things at once.

 

[BannedByTMC]

I just hope they aren't prioritizing the Robotaxi over M2, which this announcement seems to imply. A drop of water on the backup cam gives me warnings that FSD may not work properly. I don't see how they have the hardware in any vehicle to do a fully autonomous robotaxi that won't get stranded in a light rain if it needs to back up.

 

[BannedByTMC]

Unless a camera has water, snow, or dirt on it.
You are telling a story, it may not be the story.

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