The great thing about X, the rebranded Twitter owned by Elon Musk, is its frictionless capacity for escalation.

Let’s back up to several hours before that post on what was a bizarre Friday even by the standards of Tesla Inc. and its chief executive. Late that morning, a Reuters story citing several unnamed sources and internal messages reported that Tesla has scrapped plans for a cheaper electric vehicle dubbed the Model 2. Tesla’s stock dropped by more than 5% in short order. Soon after, Musk replied to a tweet noting the story, accusing Reuters of “lying (again).” The stock made back some lost ground, but still ended the day down 3.6%. Less than an hour after that, Musk tweeted again, with the announcement pictured above. Tesla’s stock jumped in after-hours trading.

QOSHE - Tesla Needs Cheap EVs. Musk Offers a Robotaxi Meme - Liam Denning
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Tesla Needs Cheap EVs. Musk Offers a Robotaxi Meme

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08.04.2024

The great thing about X, the rebranded Twitter owned by Elon Musk, is its frictionless capacity for escalation.

Let’s back up to several hours before that post on what was a bizarre Friday even by........

© Bloomberg

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