Friday, May 24, 2024

Tesla in crisis? Dropping brand new car

Tesla has reportedly scrapped plans for the brand's cheapest car to date. Model 2 must sacrifice life for Elon Musk's idea of robot taxis.

We know Tesla has tested it. The American car brand has tried to disguise a cheap 'Model 2' as a Mazda. Read more about it here.

But now the Model 2 will not come to anything anyway. The CEO, Elon Musk, has completely different plans for the car brand.

This is written by the Reuters news agency.

Elon Musk simply wants to bet on robot taxis. However, it is not because Tesla cannot build the Model 2. But the resources can, the car brand apparently believes, be used better.

READ ALSO: 17-year-old must not drive a car after moped ride of 68 metres

According to Reuters, Tesla is changing its mind due to increasing competition in the market for very cheap electric cars. And the cheap electric cars are coming.

The question is how cheap they can get. Recently Mazda, for example, markedly reduced the price of the small MX-30. So much so, in fact, that the car is now Denmark's cheapest electric car.

Back at Tesla, Elon Musk promised his investors and the outside world as recently as January this year that Model 2 was on the way.

In fact, Tesla was so far ahead with the model that production could begin 'already in the first part of 2025', the director said. But now Tesla seems to jump from it all right before the finish line.

However, Tesla changing course is not the only new thing from that side. In the first three months of 2024 alone, the brand has lost over 30 percent of its value. On top of a disappointing quarterly report, the analysts smell a bankruptcy.

– This is really the beginning of the end for the Tesla bubble, which is possibly the biggest stock market bubble in modern history, says analyst Per Lekander to CNBC.

However, Tesla is not the only American car brand that has just now found the reverse gear. Dane Henrik Fisker is in such bad shape that he ignores warranty provisions. Also in Denmark. Read more about it here .

Read more exciting news from the world of motorsport right here!


Don't miss

New figures: These electric cars lose the most in value

It doesn't matter which car you invest in. Not...

Acquitted of drug cartel: Mother-in-law's coffee was to blame

Last year, a now 31-year-old Swedish man was fined...

Formula 1 is considering new engines from 2030 – for the sake of the fans

Formula 1 chief executive Stefano Domenicali now says he...

Alpine has built a new V6 engine that burns hydrogen

The question of what tomorrow's car models will be...

Polestar receives a new warning – will be thrown off the stock exchange in 60 days

The Chinese car brand Polestar has received a new...
Boosted Magazine
Boosted Magazine
Boosted in Denmark has over a million unique users, surpassing two million sessions, and accumulating over seven million page views each month, and our platforms has become a hub for automotive enthusiasts. Now you can enjoy our content in English too! Enjoy our free car news - every day. Want to talk to us? Write an email to

The Toyota GR Yaris costs almost DKK 800,000 in Denmark

It is so expensive that it is doubtful whether Toyota will even sell any here at home. Nevertheless, the importer is now opening for...

Bugatti is considering gas stations as an option

When it comes to Bugatti's customers, it is hardly the economy that sets limits on the optional equipment list. There may come a day...

Opel recalled 9,800 cars with embarrassing fault

Exactly how the error occurred is uncertain. But Opel had to check almost 10,000 cars for wrong chassis numbers. Even with the high technology...

Acquitted of drug cartel: Mother-in-law's coffee was to blame

Last year, a now 31-year-old Swedish man was fined 5,000 kroner for drunk driving, but then he blamed his mother-in-law's coffee. And now the...

20-year-old arrested – hid 22 camera traps under his bed

A wave of thefts that have hit a number of Swedish speed cameras may have been solved. The police found the cameras under a...

Polestar rejects new trend – "not in our cars"

Several new cars - and not just those that run on electricity - are a sea of light in the cabin. Polestar doesn't want...

Investigation: Critical failure will be fewer in new electric cars

Since 2016, less than one percent of all electric cars have had their battery pack replaced because the capacity has dropped to an unacceptable...

Admitting joke – dead car brand does not come back

Pontiac is long since dead and buried as a car brand. Still, an ad in a print automotive magazine gave some fans false hope....

Volvo will build trucks that burn hydrogen

BMW and Toyota are experimenting with it - and now Volvo is jumping on the bandwagon when it comes to burning hydrogen. If the...

New figures: These electric cars lose the most in value

It doesn't matter which car you invest in. Not even if it has to run on electricity. At least not if the goal is...

Volkswagen blames EVs for ID.7 decision

The all-electric Volkswagen ID.7, which is the same size as the Passat, should have actually been out in North America. But now the car...

New Kia EV3: See pictures and specifications here

Here you can read everything about the new Kia EV3, which has just been presented. Get all the data, pictures and specifications in the...
footer.txt Viser footer.txt.