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flag Musk denied scrapping Tesla's $25,000 car project, alarming executives and investors.

flag Elon Musk's denial of Tesla canceling a $25,000 electric vehicle project alarmed some Tesla executives in 2024. flag Musk's tweet temporarily halted a decline in Tesla's stock, but insiders say the project had indeed been scrapped, with the company shifting focus to self-driving robotaxis. flag The executives were concerned about misleading investors, and Tesla has yet to release a low-cost, mass-market EV, raising questions about the company's strategy and commitments.

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