Viewing a response to: @leothreads/leothread-2024-04-10-03-43
🧵 1. Tesla may lose its lead without an affordable EV. Musk's focus on a robotaxi project instead of a budget-friendly electric vehicle could be a costly misstep. #tech
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🧵 Read more at: https://techcrunch.com/2024/04/09/tesla-musk-25k-ev-decision/
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🧵 4. While a robotaxi project may be exciting for Musk, Tesla's challenges with mastering autonomous technology remain. Building an affordable EV could have been a more grounded and lucrative choice for the company.
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🧵 2. The shift to a robotaxi signals a departure from conventional strategies that have contributed to Tesla's growth. The company's success may now hinge on delivering on essential promises.
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🧵 3. With plans for a $25,000 EV shelved, Tesla could miss out on expanding its market share and facing competition from cheaper Chinese electric vehicles. The move could have provided a much-needed boost to sales.
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