Elon Musk has called a Reuters article a lie after it claimed that Tesla has scrapped its low-cost car project. The article had several sources who said Tesla was pivoting to robotaxis instead.
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Lyft is preparing to lay off more than 1,000 employees in a mission to cut costs and become profitable. This represents a 30% cut in staff numbers. Employees will hear more next Thursday.
Maverick investor Cathie Wood has said that Tesla's share price could rise from the current $163 to $2,000 by 2027. The huge growth in price could apparently be spurred on by robotaxis.
Elon Musk opened a new factory in Texas on Thursday evening. He said that the company is looking to start producing futuristic-looking robotaxis. Musk has previously said he wanted to build robotaxis.
